Simulating alternative foodgrain price and trade policies: An application for the Dominican Republic

Terry Roe, Ben Senauer

Research output: Contribution to journalArticlepeer-review

1 Scopus citations

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.

Original languageEnglish (US)
Pages (from-to)635-648
Number of pages14
JournalJournal of Policy Modeling
Volume7
Issue number4
DOIs
StatePublished - Jan 1 1985

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