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Social sciences

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Lobbying incentives and the pattern of protection in rich and poor countries

Article Abstract:

A study was conducted to examine why price and trade policies in rich countries often protect the agricultural sector at the expense of the industrial sector, while the sectoral bias is the reverse in poor countries. A general equilibrium model of production and consumption with three sectors was used to show that a distortion of the agricultural industrial price ratio has very different effects on the real incomes of farmers and capitalists in poor and in rich countries. This supports the theory that governments maintain price distortions that benefit certain groups while harming other groups, as a way of maximizing their chances of maintaining political office.

Analysis, Economic policy, Political aspects, Agricultural policy, Protectionism, Price control, Price regulations

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Openness, economic growth, and development: some further results

Article Abstract:

Research among less developed countries indicate that outward-oriented economies incurred faster economic growth than inward-oriented economies. However, it is yet to be determined whether higher growth rates mean higher levels of economic development. The relationship between openness and human development among developing countries was examined. Results show that higher levels of human development were achieved among open countries.

Research, Economic development

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Recent and prospective adoption of genetically modified cotton: a global computable general equilibrium analysis of economic impacts

Article Abstract:

The effects on economic welfare of genetically modified (GM) cotton on cotton-producing countries are studied using the Global Trade Analysis Project (GTAP) model. Governments in sub-Saharan Africa and other cotton-producing countries will benefit more with earlier adoption of GM cotton.

United States, Developing Countries, International aspects, Genetically modified plants, Cotton (Plant)

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