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https://hdl.handle.net/2440/109487
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Type: | Journal article |
Title: | Rice mountain: assessment of the Thai rice pledging program |
Author: | Permani, R. Vanzetti, D. |
Citation: | Agricultural Economics: the journal of the International Association of Agricultural Economists, 2016; 47(3):273-284 |
Publisher: | Elsevier |
Issue Date: | 2016 |
ISSN: | 1574-0862 1574-0862 |
Statement of Responsibility: | Risti Permani, David Vanzetti |
Abstract: | The Thai Government introduced a generous price support program for paddy rice in 2011. The policy terminated in mid 2014 with the dismissal of the democratically elected Prime Minister, Ms Yingluck Shinawatra. There is an interest in understanding the welfare effects of the policy given the ongoing civil suit put against the former Prime Minister and the large stocks that remain. This study therefore analyses the welfare effects of various Thai rice policy options using a 10-region, dynamic, stochastic, partial equilibrium model of world rice trade. It finds that while the Thai policy was effective in supporting the incomes of rice producers in the short run, the burden imposed on taxpayers and consumers seems difficult to justify. |
Keywords: | Thailand; rice; stocks; trade; welfare effects |
Rights: | Copyright of Agricultural Economics is the property of Wiley-Blackwell and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. |
DOI: | 10.1111/agec.12228 |
Published version: | http://dx.doi.org/10.1111/agec.12228 |
Appears in Collections: | Aurora harvest 8 Economics publications |
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