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FACTOR MARKET INCIDENCE OF AGRICULTURAL TRADE LIBERALIZATION: SOME ADDITIONAL RESULTS |
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| Authors: | Thomas W Hertel |
| Institution: | Purdue University and IMPACT Project
The author is an Associate Professor in the Department of Agricultural Economics, Purdue University, W. Lafayette. Indiana. He is currently a visiting Fulbright Senior Research Fellow with the IMPACT Project, at the University of Melbourne |
| Abstract: | Liberalization of trade implies changes in producer prices, which has consequences for farm income, agricultural employment and asset values. The relative incidence of the effect of changes in prices on fixed factors depends on the rclative magnitude of the Morishima elasticities of substitution in agricultural production. |
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