Impacts of foreign policies on the gains from research and promotion

Autor:	Voon, J.P., Edwards, G.W.
Rok vydání:	1999
Předmět:	Economics and Econometrics Agricultural and Food Policy Research and Development/Tech Change/Emerging Technologies Agronomy and Crop Science
Zdroj:	Agricultural Economics. 20:11-21
ISSN:	1574-0862 0169-5150
DOI:	10.1111/j.1574-0862.1999.tb00547.x
Popis:	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. © 1999 Elsevier Science B.V. All rights reserved.
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::b852af00b6ff617c8ac996edd48a26ae https://doi.org/10.1111/j.1574-0862.1999.tb00547.x Zobrazit plný text záznamu