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Gains and Losses of Alternative Food Grains Programmes in Malaysia

This study extends the partial equilibrium analysis to calculate the welfare effects of quotas/tariffs by recognizing the substitution relationship between rice and wheat. It is shown that ignoring the substitution effects leads to a significant understatement of the welfare cost. Three policy optio...

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Main Author: Baharumshah, Ahmad Zubaidi
Format: Article
Language:English
English
Published: Universiti Putra Malaysia Press 1994
Online Access:http://psasir.upm.edu.my/id/eprint/917/1/SKMBT_C65008082509330.pdf
http://psasir.upm.edu.my/id/eprint/917/
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spelling my.upm.eprints.9172013-05-27T06:51:34Z http://psasir.upm.edu.my/id/eprint/917/ Gains and Losses of Alternative Food Grains Programmes in Malaysia Baharumshah, Ahmad Zubaidi This study extends the partial equilibrium analysis to calculate the welfare effects of quotas/tariffs by recognizing the substitution relationship between rice and wheat. It is shown that ignoring the substitution effects leads to a significant understatement of the welfare cost. Three policy options, that is, import quota/tariff, free trade and deficiency payment are considered in this paper. The results show that import quota/tariff is not the most efficient way to support the domestic producers. The net social cost of the rice programme will be lower if the current option is replaced by deficiency payment plans. The social cost under current quota price premium is more than 11 times higher than deficiency payment plan. Universiti Putra Malaysia Press 1994 Article PeerReviewed application/pdf en http://psasir.upm.edu.my/id/eprint/917/1/SKMBT_C65008082509330.pdf Baharumshah, Ahmad Zubaidi (1994) Gains and Losses of Alternative Food Grains Programmes in Malaysia. Pertanika Journal of Social Sciences & Humanities, 2 (2). pp. 77-86. ISSN 0128-7702 English
institution Universiti Putra Malaysia
building UPM Library
collection Institutional Repository
continent Asia
country Malaysia
content_provider Universiti Putra Malaysia
content_source UPM Institutional Repository
url_provider http://psasir.upm.edu.my/
language English
English
description This study extends the partial equilibrium analysis to calculate the welfare effects of quotas/tariffs by recognizing the substitution relationship between rice and wheat. It is shown that ignoring the substitution effects leads to a significant understatement of the welfare cost. Three policy options, that is, import quota/tariff, free trade and deficiency payment are considered in this paper. The results show that import quota/tariff is not the most efficient way to support the domestic producers. The net social cost of the rice programme will be lower if the current option is replaced by deficiency payment plans. The social cost under current quota price premium is more than 11 times higher than deficiency payment plan.
format Article
author Baharumshah, Ahmad Zubaidi
spellingShingle Baharumshah, Ahmad Zubaidi
Gains and Losses of Alternative Food Grains Programmes in Malaysia
author_facet Baharumshah, Ahmad Zubaidi
author_sort Baharumshah, Ahmad Zubaidi
title Gains and Losses of Alternative Food Grains Programmes in Malaysia
title_short Gains and Losses of Alternative Food Grains Programmes in Malaysia
title_full Gains and Losses of Alternative Food Grains Programmes in Malaysia
title_fullStr Gains and Losses of Alternative Food Grains Programmes in Malaysia
title_full_unstemmed Gains and Losses of Alternative Food Grains Programmes in Malaysia
title_sort gains and losses of alternative food grains programmes in malaysia
publisher Universiti Putra Malaysia Press
publishDate 1994
url http://psasir.upm.edu.my/id/eprint/917/1/SKMBT_C65008082509330.pdf
http://psasir.upm.edu.my/id/eprint/917/
_version_ 1643821929901064192
score 13.160551

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