Affiliation:
1. University of Adelaide and Australian National University.
2. University of California, Berkeley.
3. KU Leuven and Stanford University.
Abstract
The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent. This article reviews and synthesizes the literature on trends and fluctuations in market distortions and the political-economy explanations that have been advanced. Based on a rich global data set covering a half-century of evidence on commodities, countries, and policy instruments, we identify hypotheses that have been explored in the literature on the extent of market distortions and the conditions under which reform may be feasible. (JEL F13, Q11, Q17, Q18)
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
178 articles.
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