IDEAS home Printed from https://ideas.repec.org/p/ags/uerssr/278002.html
   My bibliography  Save this paper

Economic Welfare Analysis: An Application To The Swopsim Modeling Framework

Author

Listed:
  • Haley, Stephen L.
  • Dixit, Praveen M.

Abstract

This report presents an overview of 'welfare economics relevant to international trade issues. It describes and analyzes the strengths and weaknesses of various welfare measures commonly used in empirical trade research and concludes that the Marshallian welfare measures of consumer and producer surplus are best suited for use in the SWOPSIM modeling framework. The report then describes the procedure for creating and modifying specific spreadsheets for welfare analysis. This SWOPSIM welfare calculation framework can deal with a variety of theoretical issues in welfare analysis. These issues include the path dependency problem, producer and consumer subsidy equivalents in a multigood setting, the distinction between intermediate and final goods, joint products, and mandatory supply controls. The framework is useful for evaluating and measuring potential gains from trade, especially in the context of trade liberalization negotiations.

Suggested Citation

  • Haley, Stephen L. & Dixit, Praveen M., 1988. "Economic Welfare Analysis: An Application To The Swopsim Modeling Framework," Staff Reports 278002, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:278002
    DOI: 10.22004/ag.econ.278002
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/278002/files/ers-report-331.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.278002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Gadson, Kenneth E. & Price, J. Michael & Salathe, Larry E., 1982. "Food And Agricultural Policy Simulator (Fapsim): Structural Equations And Variable Definitions," Staff Reports 276743, United States Department of Agriculture, Economic Research Service.
    2. Roningen, Vernon Oley, 1986. "A Static World Policy Simulation (Swopsim) Modeling Framework," Staff Reports 277898, United States Department of Agriculture, Economic Research Service.
    3. Malcolm D. Bale & Ernst Lutz, 1981. "Price Distortions in Agriculture and Their Effects: An International Comparison," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 63(1), pages 8-22.
    4. Harberger, Arnold C, 1971. "Three Basic Postulates for Applied Welfare Economics: An Interpretive Essay," Journal of Economic Literature, American Economic Association, vol. 9(3), pages 785-797, September.
    5. Dixit, Praveen M. & Roningen, Vernon Oley, 1986. "Modeling Bilateral Trade Flows With The Static World Policy Simulation (Swopsim) Modeling Framework," Staff Reports 277920, United States Department of Agriculture, Economic Research Service.
    6. Willig, Robert D, 1976. "Consumer's Surplus without Apology," American Economic Review, American Economic Association, vol. 66(4), pages 589-597, September.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Kane, Sally & Reilly, John & Tobey, James, 1991. "Climate Change: Economic Implications for World Agriculture," Agricultural Economic Reports 308153, United States Department of Agriculture, Economic Research Service.
    2. Krissoff, Barry & Sullivan, John & Wainio, John & Johnston, Brian, 1990. "Agricultural Trade Liberalization and Developing Countries," Staff Reports 278335, United States Department of Agriculture, Economic Research Service.
    3. Gunasekera, H. Don B.H. & Andrews, Neil P. & Haszler, Henry C. & Chapman, John N., 1991. "Agricultural policy reform in China," Australian Bureau of Agricultural and Resource Economics and Sciences (ABARES) Archive 316170, Australian Government, Australian Bureau of Agricultural and Resource Economics and Sciences.
    4. Tobey, James A. & Reilly, John M. & Kane, Sally, 1992. "Economic Implications Of Global Climate Change For World Agriculture," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(01), pages 1-10, July.
    5. Sullivan, John & Wainio, John & Roningen, Vernon, 1989. "A Database For Trade Liberalization Studies," Staff Reports 278178, United States Department of Agriculture, Economic Research Service.
    6. Haixiao Huang, Walter C. Labys, 2002. "Environment and trade: a review of issues and methods," International Journal of Global Environmental Issues, Inderscience Enterprises Ltd, vol. 2(1/2), pages 100-160.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Roningen, Vernon O. & Dixit, Praveen M., 1989. "Economic Implications Of Agricultural Policy Reforms In Industrial Market Economies," Staff Reports 278843, United States Department of Agriculture, Economic Research Service.
    2. Kane, Sally & Reilly, John & Tobey, James, 1991. "Climate Change: Economic Implications for World Agriculture," Agricultural Economic Reports 308153, United States Department of Agriculture, Economic Research Service.
    3. Roningen, Vernon O. & Dixit, Praveen M., 1989. "How Level is the Playing Field? An Economic Analysis of Agricultural Policy Reforms in Industrial Market Economies," Foreign Agricultural Economic Report (FAER) 147993, United States Department of Agriculture, Economic Research Service.
    4. Kane, Sally & Reilly, John & Tobey, James, 1990. "An Empirical study of the Economic Effects of Climate Change on World Agriculture," 1990 Annual meeting, August 5-8, Vancouver, Canada 270888, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Yoshitsugu Kanemoto, 2011. "Surplus Theory," Chapters, in: André de Palma & Robin Lindsey & Emile Quinet & Roger Vickerman (ed.), A Handbook of Transport Economics, chapter 20, Edward Elgar Publishing.
    6. McNamara, David & Caulfield, Brian, 2013. "Examining the impact of carbon price changes under a personalised carbon trading scheme for transport," Transport Policy, Elsevier, vol. 30(C), pages 238-253.
    7. Shane, Mathew D., 1988. "Trade and Development: Proceedings of the Winter 1986 Meeting of the International Agricultural Trade Research Consortium," Staff Reports 277998, United States Department of Agriculture, Economic Research Service.
    8. David Ellerman, 2014. "On a fallacy in the Kaldor–Hicks efficiency–equity analysis," Constitutional Political Economy, Springer, vol. 25(2), pages 125-136, June.
    9. Erdman, Laurie, 1991. "Ec - U.S. Soybean And Soybean Product Trade Policy Issues And Disputes," Staff Papers 13778, University of Minnesota, Department of Applied Economics.
    10. Stephen L. Haley, 1990. "Measuring the effectiveness of the export enhancement program for poultry," Agribusiness, John Wiley & Sons, Ltd., vol. 6(2), pages 97-108.
    11. Kapombe, Crispin M. & Colyer, Dale, 1999. "A structural time series analysis of US broiler exports," Agricultural Economics, Blackwell, vol. 21(3), pages 295-307, December.
    12. Roningen, Vernon O. & Dixit, Praveen M. & Seeley, Ralph, 1988. "Agricultural Outlook for the Year 2000: Some Alternatives," 1988 Conference, August 24-31, 1988, Buenos Aires, Argentina 183157, International Association of Agricultural Economists.
    13. Haley, Stephen L., 1990. "Measuring the Effectiveness of the Export Enhancement Program for Poultry," Staff Reports 278276, United States Department of Agriculture, Economic Research Service.
    14. Amponsah, William A. & Ofori-Boadu, Victor, 2007. "Determinants of U.S. Textile and Apparel Trade," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 10(2), pages 1-20.
    15. Koo, Won W. & Taylor, Richard D. & Karemera, David, 1992. "Determinants of Red Meat Trade Flows," Agricultural Economics Reports 23448, North Dakota State University, Department of Agribusiness and Applied Economics.
    16. Edward E. Schlee & M. Ali Khan, 2022. "Money Metrics In Applied Welfare Analysis: A Saddlepoint Rehabilitation," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 63(1), pages 189-210, February.
    17. Kym Anderson, 2016. "Agricultural Trade, Policy Reforms, and Global Food Security," Palgrave Studies in Agricultural Economics and Food Policy, Palgrave Macmillan, number 978-1-137-46925-0, December.
    18. Roningen, Vernon & Dixit, Praveen & Sullivan, John & Hart, Tracey, 1991. "Overview of the Static World Policy Simulation (SWOPSIM) Modeling Framework," Staff Reports 278390, United States Department of Agriculture, Economic Research Service.
    19. Krissoff, Barry & Sullivan, John & Wainio, John & Johnston, Brian, 1990. "Agricultural Trade Liberalization and Developing Countries," Staff Reports 278335, United States Department of Agriculture, Economic Research Service.
    20. Roningen, Vernon Oley, 1992. "Documentation of the Dynamic World Policy Simulation (DWOPSIM) Model Building Framework," Staff Reports 278681, United States Department of Agriculture, Economic Research Service.

    More about this item

    Keywords

    Agricultural and Food Policy;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerssr:278002. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.