What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture
Since 2004, Sri Lanka has pursued inward looking policies that have encouraged import substitution, especially with respect to agricultural commodities. This report provides empirical evidence to inform the policy dialogue over the impact of curren...
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| Format: | Working Paper |
| Language: | English en_US |
| Published: |
Washington, DC
2014
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/2013/10/19515189/cost-bowl-rice-impact-sri-lankas-current-trade-price-policies-incentive-framework-agriculture http://hdl.handle.net/10986/18698 |
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okr-10986-18698 |
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| recordtype |
oai_dc |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCOUNTING ADVERSE IMPACT AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY AGRICULTURAL PRODUCTS AGRICULTURE BALANCE SHEET BANKING SYSTEM BOND BORDER TAX BORDER TAXES CD CENTRAL BANK COMMERCIAL BANK COMMODITIES COMMODITY COMMODITY EXPORT COMPARATIVE ADVANTAGE COMPETITIVENESS CONCESSIONARY TAX CONSUMER GOODS CONSUMERS CORPORATE TAX CORPORATE TAX RATE COST STRUCTURE CREDIT FACILITIES CREDIT MARKET DEPOSIT DEPOSITS DEREGULATION DIRECT INCOME TRANSFER DOLLAR VALUES DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES ECONOMIC COOPERATION ECONOMIC EFFICIENCY ENVIRONMENTAL EXTERNALITIES EPZ EQUIPMENT EXCHANGE RATE EXCISE TAX EXCISE TAXES EXPECTED RETURNS EXPENDITURE EXPORT MARKET EXPORT PROCESSING ZONES EXPORT SUBSIDY EXPORT TAX EXPORT TAXES EXPORTER EXPORTERS EXPORTS EXTERNALITIES FARMING HOUSEHOLDS FERTILIZER SUBSIDIES FERTILIZER SUBSIDY FOREIGN MARKETS GDP GOVERNMENT ACCOUNTS GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FUNDS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT HOLDING HOUSEHOLD INCOME IMPLICIT TAX IMPORT QUOTAS INCOME INCOME EFFECT INCOME TAX INCOME TAXES INCOMES INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE JUDGMENT LAND HOLDINGS LEVEL PLAYING FIELD LEVIES LEVY LIQUIDITY LIQUIDITY CONSTRAINT LLC MANUFACTURING INDUSTRIES MARGINAL BENEFITS MARGINAL COSTS MARGINAL TAX RATES MARKET CONSTRAINTS MARKET PRICES MIDDLE-INCOME COUNTRIES NATIONAL DEVELOPMENT NATIONAL SECURITY NATURAL RESOURCES NET EXPORTS NEW MARKETS NEW PRODUCTS OPEN ECONOMY OPPORTUNITY COST OUTPUT PERSONAL INCOME PERSONAL INCOME TAX POLICY RESPONSE POSITIVE EXTERNALITIES PRICE FLUCTUATIONS PRICE INCREASES PRIVATE INVESTMENT PRODUCT MARKETS PROPERTY RIGHTS PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL INCOME REMITTANCE REPAYMENT REPUTATION REVOLVING FUND ROYALTY SECURITY CONCERNS SINGLE TAX SOCIAL COSTS SOCIAL RESPONSIBILITY STAMP DUTIES TARIFF REVENUE TAX TAX ADMINISTRATION TAX BASE TAX BASES TAX COLLECTION TAX CONCESSIONS TAX ENFORCEMENT TAX INCENTIVES TAX RATE TAX RATES TAX REGIME TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYERS TOTAL REVENUE TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADE REGIME TRADE REGIMES TRADE TAXES TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY UNDERVALUATION URUGUAY ROUND VALUE ADDED VALUE ADDED TAX WELFARE ECONOMICS WORKING CAPITAL WORLD MARKET WORLD MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO |
| spellingShingle |
ACCOUNTING ADVERSE IMPACT AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY AGRICULTURAL PRODUCTS AGRICULTURE BALANCE SHEET BANKING SYSTEM BOND BORDER TAX BORDER TAXES CD CENTRAL BANK COMMERCIAL BANK COMMODITIES COMMODITY COMMODITY EXPORT COMPARATIVE ADVANTAGE COMPETITIVENESS CONCESSIONARY TAX CONSUMER GOODS CONSUMERS CORPORATE TAX CORPORATE TAX RATE COST STRUCTURE CREDIT FACILITIES CREDIT MARKET DEPOSIT DEPOSITS DEREGULATION DIRECT INCOME TRANSFER DOLLAR VALUES DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES ECONOMIC COOPERATION ECONOMIC EFFICIENCY ENVIRONMENTAL EXTERNALITIES EPZ EQUIPMENT EXCHANGE RATE EXCISE TAX EXCISE TAXES EXPECTED RETURNS EXPENDITURE EXPORT MARKET EXPORT PROCESSING ZONES EXPORT SUBSIDY EXPORT TAX EXPORT TAXES EXPORTER EXPORTERS EXPORTS EXTERNALITIES FARMING HOUSEHOLDS FERTILIZER SUBSIDIES FERTILIZER SUBSIDY FOREIGN MARKETS GDP GOVERNMENT ACCOUNTS GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FUNDS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT HOLDING HOUSEHOLD INCOME IMPLICIT TAX IMPORT QUOTAS INCOME INCOME EFFECT INCOME TAX INCOME TAXES INCOMES INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE JUDGMENT LAND HOLDINGS LEVEL PLAYING FIELD LEVIES LEVY LIQUIDITY LIQUIDITY CONSTRAINT LLC MANUFACTURING INDUSTRIES MARGINAL BENEFITS MARGINAL COSTS MARGINAL TAX RATES MARKET CONSTRAINTS MARKET PRICES MIDDLE-INCOME COUNTRIES NATIONAL DEVELOPMENT NATIONAL SECURITY NATURAL RESOURCES NET EXPORTS NEW MARKETS NEW PRODUCTS OPEN ECONOMY OPPORTUNITY COST OUTPUT PERSONAL INCOME PERSONAL INCOME TAX POLICY RESPONSE POSITIVE EXTERNALITIES PRICE FLUCTUATIONS PRICE INCREASES PRIVATE INVESTMENT PRODUCT MARKETS PROPERTY RIGHTS PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL INCOME REMITTANCE REPAYMENT REPUTATION REVOLVING FUND ROYALTY SECURITY CONCERNS SINGLE TAX SOCIAL COSTS SOCIAL RESPONSIBILITY STAMP DUTIES TARIFF REVENUE TAX TAX ADMINISTRATION TAX BASE TAX BASES TAX COLLECTION TAX CONCESSIONS TAX ENFORCEMENT TAX INCENTIVES TAX RATE TAX RATES TAX REGIME TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYERS TOTAL REVENUE TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADE REGIME TRADE REGIMES TRADE TAXES TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY UNDERVALUATION URUGUAY ROUND VALUE ADDED VALUE ADDED TAX WELFARE ECONOMICS WORKING CAPITAL WORLD MARKET WORLD MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO World Bank What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| geographic_facet |
South Asia Sri Lanka |
| relation |
Agriculture and environmental services
discussion paper;no. 2 |
| description |
Since 2004, Sri Lanka has pursued inward
looking policies that have encouraged import substitution,
especially with respect to agricultural commodities. This
report provides empirical evidence to inform the policy
dialogue over the impact of current trade and price policies
on the incentive framework for agriculture in Sri Lanka.
This analysis provides a quantitative assessments of: (1)
the level of support to farmers producing import-competing
products; (2) the degree to which final consumers are
indirectly taxed by those policies; (3) the extent to which
agricultural exports are taxed; (4) the contribution of
trade policy to government revenue through tariffs on
imports and taxes on exports; (5) an evaluation of the
cost-effectiveness of the current fertilizer subsidy scheme;
and (6) a better understanding of the web of income
transfers between producers, consumers, and government
accounts. The report is structured as follows: section one
gives introduction. Section two gives overview of the
current (2009-11) import and export policy framework and a
brief analysis of government revenues and expenditures for
agriculture. Section three reviews the data sources and
methods used in calculating the degree of protection, and
summary statistics on the degree of protection for 10
agricultural commodities. Section four looks closely at the
cost-effectiveness of fertilizer subsidies, which represent
a large share of the government agriculture budget. Section
five focuses on how agricultural trade policies influence
income distribution, particularly among different groups of
rice producers. The last section recapitulates the main
findings and highlights their implications, with an emphasis
on the often implicit and unintended income transfers among
producers, consumers, and the government. |
| format |
Publications & Research :: Working Paper |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| title_short |
What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| title_full |
What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| title_fullStr |
What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| title_full_unstemmed |
What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture |
| title_sort |
what is the cost of a bowl of rice? : the impact of sri lanka's current trade and price policies on the incentive framework for agriculture |
| publisher |
Washington, DC |
| publishDate |
2014 |
| url |
http://documents.worldbank.org/curated/en/2013/10/19515189/cost-bowl-rice-impact-sri-lankas-current-trade-price-policies-incentive-framework-agriculture http://hdl.handle.net/10986/18698 |
| _version_ |
1764442342535725056 |
| spelling |
okr-10986-186982021-04-23T14:03:48Z What is the Cost of a Bowl of Rice? : The Impact of Sri Lanka's Current Trade and Price Policies on the Incentive Framework for Agriculture World Bank ACCOUNTING ADVERSE IMPACT AGRICULTURAL COMMODITIES AGRICULTURAL COMMODITY AGRICULTURAL PRODUCTS AGRICULTURE BALANCE SHEET BANKING SYSTEM BOND BORDER TAX BORDER TAXES CD CENTRAL BANK COMMERCIAL BANK COMMODITIES COMMODITY COMMODITY EXPORT COMPARATIVE ADVANTAGE COMPETITIVENESS CONCESSIONARY TAX CONSUMER GOODS CONSUMERS CORPORATE TAX CORPORATE TAX RATE COST STRUCTURE CREDIT FACILITIES CREDIT MARKET DEPOSIT DEPOSITS DEREGULATION DIRECT INCOME TRANSFER DOLLAR VALUES DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC PRICE DOMESTIC PRICES ECONOMIC COOPERATION ECONOMIC EFFICIENCY ENVIRONMENTAL EXTERNALITIES EPZ EQUIPMENT EXCHANGE RATE EXCISE TAX EXCISE TAXES EXPECTED RETURNS EXPENDITURE EXPORT MARKET EXPORT PROCESSING ZONES EXPORT SUBSIDY EXPORT TAX EXPORT TAXES EXPORTER EXPORTERS EXPORTS EXTERNALITIES FARMING HOUSEHOLDS FERTILIZER SUBSIDIES FERTILIZER SUBSIDY FOREIGN MARKETS GDP GOVERNMENT ACCOUNTS GOVERNMENT BUDGET GOVERNMENT EXPENDITURES GOVERNMENT FUNDS GOVERNMENT INTERVENTIONS GOVERNMENT POLICIES GOVERNMENT REVENUE GOVERNMENT REVENUES GROSS DOMESTIC PRODUCT HOLDING HOUSEHOLD INCOME IMPLICIT TAX IMPORT QUOTAS INCOME INCOME EFFECT INCOME TAX INCOME TAXES INCOMES INFLATIONARY PRESSURES INFRASTRUCTURE DEVELOPMENT INSURANCE INTERNATIONAL BANK INTERNATIONAL DEVELOPMENT INTERNATIONAL MARKETS INTERNATIONAL TRADE JUDGMENT LAND HOLDINGS LEVEL PLAYING FIELD LEVIES LEVY LIQUIDITY LIQUIDITY CONSTRAINT LLC MANUFACTURING INDUSTRIES MARGINAL BENEFITS MARGINAL COSTS MARGINAL TAX RATES MARKET CONSTRAINTS MARKET PRICES MIDDLE-INCOME COUNTRIES NATIONAL DEVELOPMENT NATIONAL SECURITY NATURAL RESOURCES NET EXPORTS NEW MARKETS NEW PRODUCTS OPEN ECONOMY OPPORTUNITY COST OUTPUT PERSONAL INCOME PERSONAL INCOME TAX POLICY RESPONSE POSITIVE EXTERNALITIES PRICE FLUCTUATIONS PRICE INCREASES PRIVATE INVESTMENT PRODUCT MARKETS PROPERTY RIGHTS PUBLIC INVESTMENT PUBLIC INVESTMENTS REAL INCOME REMITTANCE REPAYMENT REPUTATION REVOLVING FUND ROYALTY SECURITY CONCERNS SINGLE TAX SOCIAL COSTS SOCIAL RESPONSIBILITY STAMP DUTIES TARIFF REVENUE TAX TAX ADMINISTRATION TAX BASE TAX BASES TAX COLLECTION TAX CONCESSIONS TAX ENFORCEMENT TAX INCENTIVES TAX RATE TAX RATES TAX REGIME TAX REVENUE TAX REVENUES TAX STRUCTURE TAX SYSTEM TAXATION TAXPAYERS TOTAL REVENUE TRADE DEFICIT TRADE LIBERALIZATION TRADE POLICIES TRADE POLICY TRADE REFORMS TRADE REGIME TRADE REGIMES TRADE TAXES TRADING TRANSACTION TRANSACTION COSTS TRANSPARENCY TREASURY UNDERVALUATION URUGUAY ROUND VALUE ADDED VALUE ADDED TAX WELFARE ECONOMICS WORKING CAPITAL WORLD MARKET WORLD MARKETS WORLD TRADE WORLD TRADE ORGANIZATION WTO Since 2004, Sri Lanka has pursued inward looking policies that have encouraged import substitution, especially with respect to agricultural commodities. This report provides empirical evidence to inform the policy dialogue over the impact of current trade and price policies on the incentive framework for agriculture in Sri Lanka. This analysis provides a quantitative assessments of: (1) the level of support to farmers producing import-competing products; (2) the degree to which final consumers are indirectly taxed by those policies; (3) the extent to which agricultural exports are taxed; (4) the contribution of trade policy to government revenue through tariffs on imports and taxes on exports; (5) an evaluation of the cost-effectiveness of the current fertilizer subsidy scheme; and (6) a better understanding of the web of income transfers between producers, consumers, and government accounts. The report is structured as follows: section one gives introduction. Section two gives overview of the current (2009-11) import and export policy framework and a brief analysis of government revenues and expenditures for agriculture. Section three reviews the data sources and methods used in calculating the degree of protection, and summary statistics on the degree of protection for 10 agricultural commodities. Section four looks closely at the cost-effectiveness of fertilizer subsidies, which represent a large share of the government agriculture budget. Section five focuses on how agricultural trade policies influence income distribution, particularly among different groups of rice producers. The last section recapitulates the main findings and highlights their implications, with an emphasis on the often implicit and unintended income transfers among producers, consumers, and the government. 2014-06-17T23:02:03Z 2014-06-17T23:02:03Z 2013-10-01 http://documents.worldbank.org/curated/en/2013/10/19515189/cost-bowl-rice-impact-sri-lankas-current-trade-price-policies-incentive-framework-agriculture http://hdl.handle.net/10986/18698 English en_US Agriculture and environmental services discussion paper;no. 2 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ Washington, DC Publications & Research :: Working Paper South Asia Sri Lanka |