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Agricultural Trade Liberalization and Low Income Countries: A General Equilibrium‐Multimarket Approach
Author(s) -
Sadoulet Elisabeth,
Janvry Alain
Publication year - 1992
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1242481
Subject(s) - economics , agriculture , depreciation (economics) , international economics , general equilibrium theory , exchange rate , free trade , liberalization , international trade , monetary economics , macroeconomics , market economy , ecology , financial capital , capital formation , biology , human capital
Integrated multimarket‐general‐equilibrium models are constructed to analyze the impact on poor cereal importers of rising world prices following OECD trade liberalization. Archetypes contrast African countries in which cereal imports are not competitive with domestic production (Africa I) to African and Asian countries where they are competitive. Results show rising food import bills and exchange rate depreciation in Africa I and the opposite in the other two regions. Policy implications include promoting agricultural exports from Africa I and promoting food crops for import substitution in the other regions. Food aid needed to shelter the poor during the transition period is calculated.

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