"Impacts of foreign policies on the gains from research and promotion" by Jan Piaw, Thomas VOON and G. W. EDWARDS
 

Impacts of foreign policies on the gains from research and promotion

Document Type

Journal article

Source Publication

Agricultural Economics

Publication Date

1-1999

Volume

20

Issue

1

First Page

11

Last Page

21

Abstract

This paper compares the direct and indirect effects of rest-of-the-world (ROW) policy on welfare in country A: the direct effect due to the change in world price caused by the policy in the absence of research/promotion-induced shifts in supply/demand, and the additional (or indirect) effect of the policy on the welfare gain to country A from its investment in research and promotion. The results showed that the reduction in aggregate economic benefits from research/promotion due to a world price-reducing policy in ROW could be in the range of 25-50% of the direct reduction in social welfare due to the ROW policy. In the case of Australian beef/veal, it is possible for the welfare impact of the ROW policy via research payoff in country A to exceed the direct welfare cost.

DOI

10.1016/S0169-5150(98)00074-7

Print ISSN

01695150

E-ISSN

15740862

Publisher Statement

Copyright © 1999 Elsevier Science B.V.

Access to external full text or publisher's version may require subscription.

Full-text Version

Publisher’s Version

Language

English

Recommended Citation

Voon, J. P., & Edwards, G. W. (1999). Impacts of foreign policies on the gains from research and promotion. Agricultural Economics, 20(1), 11-21. Retrieved from http://www.sciencedirect.com/science/article/pii/S0169515098000747

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Plum Print visual indicator of research metrics
  • Citations
    • Citation Indexes: 1
  • Usage
    • Abstract Views: 4
  • Captures
    • Readers: 3
see details