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Trade Liberalization And Japanese Agricultural Import Policies

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  • Pantzios, Christos J.
  • Taylor, Timothy G.

Abstract

This analysis empirically evaluates a subset of Japanese agricultural policies during the 1970s and 1980s using the Trade Restrictiveness Index recently developed by Anderson and Neary. This index, though theoretically rigorous, is empirically demanding, resulting in relatively few applications. Inferences obtained from the index are in general accordance with policy changes and economic events over the period of analysis. Using 1970 as the base, the estimated TRI suggests that policy changes during 1970-87 resulted in moderately liberalized trade. Comparison with a conventional measure of trade distortion- producer and consumer subsidy equivalents (PSEs and CSEs)- reveals contrasting inference. This suggests the choice of empirical measures in evaluating trade policies in nontrivial.

Suggested Citation

  • Pantzios, Christos J. & Taylor, Timothy G., 1998. "Trade Liberalization And Japanese Agricultural Import Policies," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-13, December.
    • Handle: RePEc:ags:jlaare:31200
    DOI: 10.22004/ag.econ.31200
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    References listed on IDEAS

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    1. Bruno, Michael, 1972. "Domestic Resource Costs and Effective Protection: Clarification and Synthesis," Journal of Political Economy, University of Chicago Press, vol. 80(1), pages 16-33, Jan.-Feb..
    2. Anderson, James E & Neary, J Peter, 1994. "Measuring the Restrictiveness of Trade Policy," The World Bank Economic Review, World Bank, vol. 8(2), pages 151-169, May.
    3. Anderson, James E & Bannister, Geoffrey J & Neary, J Peter, 1995. "Domestic Distortions and International Trade," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 36(1), pages 139-157, February.
    4. Fitchett, D.A., 1988. "Agricultural Trade Protectionism In Japan," World Bank - Discussion Papers 28, World Bank.
    5. J. Peter Neary & Albert G. Schweinberger, 1986. "Factor Content Functions and the Theory of International Trade," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 53(3), pages 421-432.
    6. James E. Anderson, 1991. "The Coefficient of Trade Utilization: The Cheese Case," NBER Chapters, in: Empirical Studies of Commercial Policy, pages 221-244, National Bureau of Economic Research, Inc.
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    Cited by:

    1. AFM Mohiuddin & Ryuta Ray Kato, 2009. "Trade Liberalization of the Fishery Industry of Japan," Working Papers EMS_2009_10, Research Institute, International University of Japan.

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    International Relations/Trade;

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