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Simulating alternative foodgrain price and trade policies: An application for the Dominican Republic |
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| Authors: | Terry Roe Ben Senauer |
| Institution: | Department of Agricultural and Applied Economics, University of Minnesota, USA |
| Abstract: | Self-sufficiency and free trade are two of the most frequently advocated foodgrain policies. This paper presents a methodology for simulating the impact of thse two policy alternatives on a country's production, consumption, farm price, retail price and trade of a staple foodgrain. Simple formulas are also derived for estimating the effect of different policies on consumer and producer welfare. A simulation of the two policy alternatives is conducted for the case of rice in the Dominican Republic. |
| Keywords: | Address Correspondence to Ben Senauer Department of Agricultural and Applied Economics University of Minnesota Twin Cities 1994 Buford Avenue St Paul MN 55108 USA |
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