Efficiency of Income Redistribution Through Agricultural Policy PDF Download
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Author: Klaus Salhofer
Publisher: Peter Lang Pub Incorporated
ISBN: 9780820432809
Category : Technology & Engineering
Languages : en
Pages : 164
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Book Description
Using nonlinear optimization procedures, it is shown that the applied policy is not Pareto efficient. Applying an optimal policy instead of the current one could Pareto improve the social state by 1.7 billion Austrian Shilling.
Author: Klaus Salhofer
Publisher: Peter Lang Pub Incorporated
ISBN: 9780820432809
Category : Technology & Engineering
Languages : en
Pages : 164
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Book Description
Using nonlinear optimization procedures, it is shown that the applied policy is not Pareto efficient. Applying an optimal policy instead of the current one could Pareto improve the social state by 1.7 billion Austrian Shilling.
Author: Mr.Jonathan David Ostry
Publisher: International Monetary Fund
ISBN: 1484397657
Category : Business & Economics
Languages : en
Pages : 30
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Book Description
The Fund has recognized in recent years that one cannot separate issues of economic growth and stability on one hand and equality on the other. Indeed, there is a strong case for considering inequality and an inability to sustain economic growth as two sides of the same coin. Central to the Fund’s mandate is providing advice that will enable members’ economies to grow on a sustained basis. But the Fund has rightly been cautious about recommending the use of redistributive policies given that such policies may themselves undercut economic efficiency and the prospects for sustained growth (the so-called “leaky bucket” hypothesis written about by the famous Yale economist Arthur Okun in the 1970s). This SDN follows up the previous SDN on inequality and growth by focusing on the role of redistribution. It finds that, from the perspective of the best available macroeconomic data, there is not a lot of evidence that redistribution has in fact undercut economic growth (except in extreme cases). One should be careful not to assume therefore—as Okun and others have—that there is a big tradeoff between redistribution and growth. The best available macroeconomic data do not support such a conclusion.
Author: John Baffes
Publisher: World Bank Publications
ISBN:
Category : Agricultura
Languages : en
Pages : 24
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Book Description
"In theory, moving from price-based subsidies for agriculture to less-distorted income support programs makes sense. In practice, income-support programs have many shortcomings, and developing countries may lack the support mechanisms needed to make them effective. Drawing on experience with direct income-support programs recently introduced in the European Union, Mexico, and the United States, Baffes and Meerman highlight problems that may arise when a developing economy's agricultural sector moves from price-based subsidies to income support programs."--World Bank.
Author: Hans P. Binswanger-Mkhize
Publisher: World Bank Publications
ISBN: 0821379623
Category : Political Science
Languages : en
Pages : 494
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Book Description
Despite 250 years of land reform all over the World, important land inequalities remain, especially in Latin America and Southern Africa.While in these countries, there is near consensus on the need for redistribution, much controversy persists around how to redistribute land peacefully and legally, often blocking progress on implementation.This book focuses on the "how" of land redistribution in order to forge greater consensus among land reform practitioners and enable them to make better choices on the mechanisms of land reform. Reviews and case studies describe and analyze the al.
Author: Mr.David Coady
Publisher: International Monetary Fund
ISBN: 1513547046
Category : Business & Economics
Languages : en
Pages : 27
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Book Description
There is a growing debate on the relative merits of universal and targeted social assistance transfers in achieving income redistribution objectives. While the benefits of targeting are clear, i.e., a larger poverty impact for a given transfer budget or lower fiscal cost for a given poverty impact, in practice targeting also comes with various costs, including incentive, administrative, social and political costs. The appropriate balance between targeted and universal transfers will therefore depend on how countries decide to trade-off these costs and benefits as well as on the potential for redistribution through taxes. This paper discusses the trade-offs that arise in different country contexts and the potential for strengthening fiscal redistribution in advanced and developing countries, including through expanding transfer coverage and progressive tax financing.
Author: Mr. Andrew Berg
Publisher: International Monetary Fund
ISBN: 1513592963
Category : Business & Economics
Languages : en
Pages : 44
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Book Description
Many studies predict massive job losses and real wage decline as a result of the ongoing widespread automation of production, a trend that may be further aggravated by the COVID-19 crisis. Yet automation is also expected to raise productivity and output. How can we share the gains from automation more widely, for the benefit of all? And what are the attendant equity-efficiency trade-offs? We analyze this issue by considering the effects of fiscal policies that seek to redistribute the gains from automation and address income inequality. We use a dynamic general equilibrium model with monopolistic competition, including a novel specification linking corporate power to automation. While fiscal policy cannot eliminate the classic equity-efficiency trade-offs, it can help improve them, reducing inequality at small or no loss of output. This is particularly so when policy takes advantage of novel, less distortive transmission channels of fiscal policy created by the empirically observed link between corporate market power and automation.
Author: S. Holden
Publisher: Springer
ISBN: 1137343818
Category : Political Science
Languages : en
Pages : 439
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Book Description
Rural poverty remains widespread and persistent in South Asia and Sub-Saharan Africa. A group of leading experts critically examines the impact of land tenure reforms on poverty reduction and natural resource management in countries in Africa and Asia with highly diverse historical contexts.
Author: OECD
Publisher: OECD Publishing
ISBN: 9264195017
Category :
Languages : en
Pages : 120
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Book Description
This publication compares the market impacts of market price support and several kinds of budgetary direct payments using indicators of economic efficiency and trade distortion.
Author: Ms. Era Dabla-Norris
Publisher: International Monetary Fund
ISBN: 1513547437
Category : Business & Economics
Languages : en
Pages : 33
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Book Description
This paper analyzes the extent of income inequality from a global perspective, its drivers, and what to do about it. The drivers of inequality vary widely amongst countries, with some common drivers being the skill premium associated with technical change and globalization, weakening protection for labor, and lack of financial inclusion in developing countries. We find that increasing the income share of the poor and the middle class actually increases growth while a rising income share of the top 20 percent results in lower growth—that is, when the rich get richer, benefits do not trickle down. This suggests that policies need to be country specific but should focus on raising the income share of the poor, and ensuring there is no hollowing out of the middle class. To tackle inequality, financial inclusion is imperative in emerging and developing countries while in advanced economies, policies should focus on raising human capital and skills and making tax systems more progressive.
Author: Joshua S. Graff Zivin
Publisher: University of Chicago Press
ISBN: 0226988031
Category : Art
Languages : en
Pages : 310
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Book Description
Using economic models and empirical analysis, this volume examines a wide range of agricultural and biofuel policy issues and their effects on American agricultural and related agrarian insurance markets. Beginning with a look at the distribution of funds by insurance programs—created to support farmers but often benefiting crop processors instead—the book then examines the demand for biofuel and the effects of biofuel policies on agricultural price uncertainty. Also discussed are genetically engineered crops, which are assuming an increasingly important role in arbitrating tensions between energy production, environmental protection, and the global food supply. Other contributions discuss the major effects of genetic engineering on worldwide food markets. By addressing some of the most challenging topics at the intersection of agriculture and biotechnology, this volume informs crucial debates.
