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Agricultural price distortion and stabilization : stylized facts and hypothesis tests (English)

This paper describes agricultural policy choices and tests some predictions of political economy theories. It begins with three broad stylized facts: governments tend to tax agriculture in poorer countries, and subsidize it in richer ones, tax both imports and exports more than nontradables and tax more and subsidize less where there is more land per capita. We test a variety of political economy explanations, finding results consistent with hypothesized...
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Masters,William Alan; Garcia,Andres F..

Agricultural price distortion and stabilization : stylized facts and hypothesis tests (English). Agricultural Distortions working paper ; no. 86 Washington, DC: World Bank. http://documents.worldbank.org/curated/en/118971468330890828

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