Transmission of Price Variability under Tariffication

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1991-07-01
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Wahl, Thomas
Johnson, Stanley
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Hayes, Dermot
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Center for Agricultural and Rural Development

The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.

CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.

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Recent proposals to the General Agreement on Tariffs and Trade (GATT) have called for the conversion of all nontariff trade barriers into their equivalents and the subsequent reduction of these tariff equivalents over time. The purpose of tariffication is to provide a methodology to quantify nontariff trade barriers to make them more visible and to provide a framework within which to reduce them. Many of these barriers are designed to stabilize domestic prices by breaking the link to world prices and, thus, the link with the variable of world prices.

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Tue Jan 01 00:00:00 UTC 1991
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