Political Economy of Public Policies: Insights from Distortions to Agricultural and Food Markets
- (pp. 423-77)
AbstractThe 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.
Citation2013. "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
- F13 Trade Policy; International Trade Organizations
- Q11 Agriculture: Aggregate Supply and Demand Analysis; Prices
- Q17 Agriculture in International Trade
- Q18 Agricultural Policy; Food Policy