Distortions to Agricultural Incentives in Eastern Europe and Central Asia

In a recent survey of European economic growth since 1950, Crafts and Toniolo (2008) conclude that incentive structures are a crucial explanator of comparative growth rates of the economies of east and west Europe. Pre-empting that, a 2006 report o...

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Bibliographic Details
Main Authors:	Anderson, Kym, Swinnen, Johan
Format:	Working Paper
Language:	English en_US
Published:	World Bank, Washington, DC 2017
Subjects:	AGRICULTURAL DEVELOPMENT AGRICULTURAL ECONOMICS AGRICULTURAL POLICIES AGRICULTURAL POLICY AGRICULTURAL PRODUCTION AGRICULTURAL PRODUCTS AGRICULTURE BANKRUPTCIES BEEF BUDGETARY SUPPORT CA CENTRAL PLANNING COMMODITIES COMMODITY COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVENESS CONSUMER PRICES CONSUMERS CURRENCY DAIRY DAIRY SECTOR DEBT DEPRESSED PRICES DEVALUATION DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIRECT PAYMENTS DOLLAR VALUES DOMESTIC ECONOMY DOMESTIC MARKET DOMESTIC MARKETS DOMESTIC PRICES ECONOMIC CRISES ECONOMIC DEVELOPMENT ECONOMIC REFORM ECONOMIC RESEARCH EGG ENERGY EXPORTS ENERGY PRICES EXCHANGE RATE EXCHANGE RATE SYSTEMS EXCHANGE RATES EXPENDITURES EXPORT MARKETS EXPORT SECTORS EXPORTS FARMERS FARMS FEED FINANCIAL CRISES FINANCIAL FLOWS FINANCIAL INSTITUTIONS FOOD CHAIN FOOD INDUSTRY FOOD MARKETS FOOD PRICES FOOD PROCESSING FOOD PROCESSORS FOOD PRODUCT FOOD PRODUCTS FOOD QUALITY FOOD SECURITY FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN EXCHANGE MARKET FOREIGN INVESTMENTS FREE MARKETS FREE TRADE GDP GDP PER CAPITA GLOBAL EXPORTS GOVERNMENT INTERVENTION GOVERNMENT INTERVENTIONS GOVERNMENT REGULATION GRAINS GROSS VALUE GROWTH RATES HUNGER INCENTIVE STRUCTURES INDUSTRIALIZATION INFRASTRUCTURE INVESTMENTS INPUT PRICES INSTITUTIONAL CONSTRAINTS INTEGRATION INTERNATIONAL TRADE LABOR MARKET LIVESTOCK LIVESTOCK PRODUCTS MAIZE MARKET ECONOMIES MARKET ECONOMY MARKET PRICE MARKET REFORMS MARKET REGULATIONS MARKETING MARKETING COOPERATIVES MERCHANDISE MERCHANDISE EXPORTS MILLS MONOPOLY NATIONAL ECONOMY OATS ORANGE OUTPUT OUTPUTS OVERVALUATION OVERVALUED EXCHANGE RATES PENSIONS PER CAPITA INCOME PER CAPITA INCOMES PLANNED ECONOMIES POLITICAL ECONOMY POLITICAL SYSTEM PORK POTATO PRICE COMPARISON PRICE DISTORTIONS PRICE SUPPORT PRICING POLICY PRIVATE INVESTMENTS PRODUCER PRICE PRODUCER PRICES PRODUCTION COSTS PROPERTY RIGHTS PROTECTIONISM PUBLIC GOOD RAPID GROWTH REAL GDP REGIONAL TRADE RENT SEEKING RETAIL RETAILING RICE RURAL DEVELOPMENT RURAL INFRASTRUCTURE SECURITY CONCERNS SHEEP MEAT SOFT BUDGET CONSTRAINTS SOYBEAN STARVATION STOCKS SUGAR SUPERMARKETS SUPPLIERS SUPPLY CHAINS SURPLUS TAX TAX RATES TAXATION TRADE BALANCE TRADE BARRIERS TRADE LIBERALIZATION TRADE NEGOTIATIONS TRADE POLICIES TRADE POLICY TRANSITION COUNTRIES TRANSITION ECONOMIES VALUE ADDED VERTICAL INTEGRATION WAGES WHEAT WHOLESALERS WINE WORLD DEVELOPMENT INDICATORS WORLD ECONOMY WORLD TRADE WORLD TRADE ORGANIZATION WTO
Online Access:	http://documents.worldbank.org/curated/en/138231468283176835/Distortions-to-agricultural-incentives-in-Eastern-Europe-and-Central-Asia http://hdl.handle.net/10986/28168

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Summary:	In a recent survey of European economic growth since 1950, Crafts and Toniolo (2008) conclude that incentive structures are a crucial explanator of comparative growth rates of the economies of east and west Europe. Pre-empting that, a 2006 report on trade performance and policies in Eastern Europe and Central Asia included as one of its key recommendations the need to reduce the mean and variance of the tariff equivalents of trade barriers, and in particular to reduce unilaterally the policy regimes' anti-export bias, especially in countries exporting primary products (Broadman 2006). To progress such reform in Europe's transition economies efficiently and effectively, and to see how recent policies line up with those of the European Union (EU), requires better information on the extent of reform during the past two decades and of current policy influences on incentives within and between sectors. Immediately prior to their transition to market economies, policies in the region greatly distorted producer and consumer incentives, especially for agricultural products. Those distortions have been reduced substantially in several countries, but large variations remain across the region and distortions appear to be growing again in some countries. Now is thus an opportune time to examine how policies affecting agriculture are evolving in this region, including as part of the adjustment to EU accession for ten of the transition economies in the region.

Distortions to Agricultural Incentives in Eastern Europe and Central Asia

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