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Journal of Economic Literature: Vol. 51 No. 2 (June 2013)

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Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets

Article Citation

Anderson, Kym, Gordon Rausser, and Johan Swinnen. 2013. "Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets." Journal of Economic Literature, 51(2): 423-77.

DOI: 10.1257/jel.51.2.423

Abstract

The agricultural and food sector is an ideal case for investigating the political economy of public policies. Many of the policy developments in this sector since the 1950s have been sudden and transformational, while others have been gradual but persistent. This article reviews and synthesizes the literature on trends and fluctuations in market distortions and the political-economy explanations that have been advanced. Based on a rich global data set covering a half-century of evidence on commodities, countries, and policy instruments, we identify hypotheses that have been explored in the literature on the extent of market distortions and the conditions under which reform may be feasible.

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Authors

Anderson, Kym (U Adelaide and Australian National U)
Rausser, Gordon (U CA, Berkeley)
Swinnen, Johan (Catholic U Leuven and Stanford U)

JEL Classifications

F13: Trade Policy; International Trade Organizations
Q11: Agriculture: Aggregate Supply and Demand Analysis; Prices
Q17: Agriculture in International Trade
Q18: Agricultural Policy; Food Policy


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