Files
Abstract
Mullen (2004,2005) conducted an impact assessment of two ACIAR funded economics
research projects enquiring into domestic grain market reform in China. The benefit cost
ratio to ACIAR was estimated to be in the range 5:1 to 33:1. The impact assessment was
conducted when grain policy was viewed as being in a period of retrenchment rather than
reform and hence the assessment was ex ante in nature. Since then the methodology for
estimating nominal rates of assistance in China has been modified and the late 90s is now
seen as a period when reform continued despite the professed policy stance. It seems
opportune to revisit Mullen’s original impact assessment to assess the extent of welfare
gains actually achieved.