Abstract
This paper analyzes policies affecting global groundnut-products markets. The new US groundnut policy is now a minor source of distortion in world markets where India and China stand out as the major distorters. We analyze and quantify the effects of groundnut-products trade liberalization on consumer welfare and producer income. Our analysis shows that African exporters would gain significantly from reductions in protection and subsidies in India, and to a lesser extent, China, although China's exports of food-quality groundnuts would expand dramatically. Net-importing OECD countries would suffer from higher world prices. The paper draws direct implications for the Doha trade negotiations.
Original language | English (US) |
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Pages (from-to) | 1016-1036 |
Number of pages | 21 |
Journal | World Development |
Volume | 34 |
Issue number | 6 |
DOIs | |
State | Published - Jun 2006 |
Externally published | Yes |
Keywords
- Africa
- India
- WTO
- groundnut/peanut
- trade policy
ASJC Scopus subject areas
- Geography, Planning and Development
- Development
- Sociology and Political Science
- Economics and Econometrics