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Wheat policy and economy-wide reform in Brazil
Monteiro da Silva, Orlando ; Grennes, Thomas
Agricultural economics, 1999-03, Vol.20 (2), p.143-157
[Periódico revisado por pares]
Elsevier B.V
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Título:
Wheat policy and economy-wide reform in Brazil
Autor:
Monteiro da Silva, Orlando
;
Grennes, Thomas
Assuntos:
AGRARIAN REFORM
;
BLE
;
BRASIL
;
BRAZIL
;
BRESIL
;
CAMBIO ESTRUCTURAL
;
CHANGEMENT STRUCTUREL
;
DEMAND
;
DEMANDA
;
DEMANDE
;
ECONOMIC STRUCTURE
;
ESTRUCTURA ECONOMICA
;
EXCHANGE RATE
;
Governmental intervention
;
OFERTA
;
OFFRE
;
POLICIES
;
POLITICAS
;
POLITIQUE
;
REFORMA AGRARIA
;
REFORME AGRAIRE
;
STRUCTURAL CHANGE
;
STRUCTURE ECONOMIQUE
;
SUPPLY
;
TAUX DE CHANGE
;
TIPO DE CAMBIO
;
TRIGO
;
Welfare
;
Wheat
;
WHEATS
É parte de:
Agricultural economics, 1999-03, Vol.20 (2), p.143-157
Notas:
E11
1999004238
E70
ObjectType-Article-2
SourceType-Scholarly Journals-1
ObjectType-Feature-1
content type line 23
Descrição:
In recent years, the wheat sector in Brazil has moved from governmental protection and public intervention to a free market and privatization. In this study, those changes are analyzed through measures of governmental intervention on nominal rates of protection and on welfare of producers and consumers. Elasticities of demand and supply of wheat are estimated, and the effects of changes in policies are analyzed under official and shadow exchange rates. Welfare measures indicate that almost US$ 8 billion were spent from 1970 until 1989 with policies to subsidize producers and consumers. The policy-induced stimulus to consumer demand exceeded the stimulus to domestic production, and self sufficiency in wheat declined. The reduction in wheat subsidies since 1989 was more than an isolated sector-specific policy. It was part of macroeconomic anti-inflation policy, and it coincided with other economy-wide changes such as real appreciation and a decline in international commodity prices.
Editor:
Elsevier B.V
Idioma:
Inglês;Holandês
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