Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/74839
Authors: 
Swinnen, Johan F. M.
Olper, Alessandro
Vandemoortele, Thijs
Year of Publication: 
2011
Series/Report no.: 
LICOS Discussion Paper 279
Abstract: 
We study the political economy of instrument choice in agricultural and food policies. After a review of the historical evolution of European agricultural price and trade policy instruments since 1880, we develop a political economy model of instrument choice. The key predictions of the model suggest a rational explanation of instrument choice patterns, based on the trade-off between the different cost components of the policies, and internal and external political constraints. An empirical analysis supports the main predictions of the theoretical model. We find that the GATT/WTO agreement had a significant impact.
Subjects: 
Political Economy
Instrument Choice
Agricultural Policy
GATT
WTO
JEL: 
D78
Q18
Document Type: 
Working Paper

Files in This Item:
File
Size
422.1 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.