The producer support estimate (the successor to the producer support equivalent) calculated by the OECD is widely used as an indicator of distortions created by agricultural policies. In this paper we demonstrate that changes in the relative (percentage) PSE are not an accurate indicator of the...

Economists have rarely considered the implications of taxation systems for the agricultural sector. Management specialists and accountants have usually approached theissue from the perspective of how farmers and landowners can avoid it. Little has been written on the extent to which the special...

Through empirical simulations of the Taiwanese rice market, we estimate the effects of agricultural policies designed to ensure optimal levels of two multifunctional outputs, groundwater recharge and methane emissions. The settings of policy instruments differ by region to reflect land quality...

Substantial structural change is taking place in EU agriculture. Average farm size is increasing and labour is continuing to move out of the sector. Slow growth in food demand and the effects of technological change on supply are likely to exert downward pressure on real agricultural prices....

The concept of multifunctionality, in which agriculture is viewed as a source of both commodity and non-commodity outputs, has stimulated debate on the desirability of further trade liberalization. We explore the economics of multifunctionality and its policy implications. We argue for a new...

Domestic and international factors may combine to stimulate change in US agricultural policies and reductions in the costs of support. This would create additional pressures for economic adjustment in the sector. Current U.S. agricultural policies are not oriented to facilitating such...

The social attributes that agriculture is assumed to provide in its multifunctional role are analysed. Links with structural characteristics are examined and questions raised on the extent to which these are dependent on sustaining the present structure of EU agriculture. The nature of an...

this paper examines the effects of import quotas and foreign exports subsidies on the size of rents from U.S. cheese imports and their division among importers and exporters. Consumers pay a hefty portion of the wholesale price in rents and tariffs; EC's subsidization of cheese exports to the...