Efficiency of Income Redistribution through Agricultural Policy
A Welfare Economic Analysis. Dissertationsschrift
Series: Europäische Hochschulschriften / European University Studies/Publications Universitaires Européenne; 2219;
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Product details:
- Edition number Neuausg.
- Publisher Peter Lang Ltd. International Academic Publishers
- Date of Publication 1 January 1997
- ISBN 9783631317693
- Binding Paperback
- No. of pages164 pages
- Size 210x148 mm
- Weight 250 g
- Language English 0
Categories
Long description:
Since government can use manifold policy instruments at various levels, which influence various social groups, the evaluation of the efficiency of income redistribution is not straight forward. The study in hand contributes to the literature by first applying a multimarket framework to recent theoretical developments in transfer efficiency analysis. A three-stage vertically-structured model including the bread grains market as well as agricultural input industries and the food processing industry is developed and econometrically estimated. This model and standard welfare measures are used to judge the Austrian agricultural policy. It is revealed that in addition to farmers, downstream and upstream industries benefit considerably from agricultural policy. Using nonlinear optimization procedures, it is shown that the applied policy is not Pareto efficient. Applying an optimal policy instead of the current one could Pareto improve the social state by 1.7 billion Austrian Shilling.
MoreTable of Contents:
Contents: The theory of welfare measurement
- Structure and policy of the Austrian bread grains market
- Modeling the vertical structure of the Austrian agribusiness
- Econometric estimations of model parameters
- Evaluating the efficiency of agricultural policy
- Calculating Pareto efficient policies.
