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2008 Conference (52nd), February 5-8, 2008, Canberra, Australia >
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http://purl.umn.edu/6033
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| Title: | Measuring assistance to the agricultural industry in Australia using a Production Assistance Index |
| Authors: | MacLaren, Donald
Lloyd, Peter J. |
| Authors (Email): | MacLaren, Donald (d.maclaren@unimelb.edu.au) |
| Keywords: | Production Assistance Index
industry assistance
Trade Restrictiveness Index
Australian agricultural policy |
| Issue Date: | 2008 |
| Series/Report no.: | Conference Paper |
| Abstract: | The history of the reforms of the assistance given to Australian agriculture over the
past fifty years is a remarkable story, especially when contrasted with the experiences
of most other OECD countries. The effects of these reforms have been captured by
the Productivity Commission (and its predecessors) and by Lloyd through time series
of the nominal rates of assistance to individual agricultural commodities and to the
industry as a whole. In this paper the concept of a partial equilibrium production
assistance index is developed to obtain a more accurate picture of the implicit welfare
consequences of this assistance for the period 1955-59 to 2000-04. This index is a
mean of order 2. It is shown that the conventional average, the mean of order 1,
substantially underestimates the mean of order 2, which is the correct definition of the
average level of assistance. |
| URI: | http://purl.umn.edu/6033 |
| Institution/Association: | Australian Agricultural and Resource Economics Society - 2008>2008 Conference (52nd), February 5-8, 2008, Canberra, Australia |
| Total Pages: | 12 |
| Collections: | 2008 Conference (52nd), February 5-8, 2008, Canberra, Australia
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| cp08ma01.pdf | | 53Kb | PDF | View/Open |
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