The welfare and transfer effects of cotton price policies in Egypt, 1965-78
1983
Levy, V.
Extract: This paper estimates the response of Egyptian farmers to price changes, focusing on production decisions for extra-long and long staple lint cotton. Since cotton is the major input to the domestic textile industry and since Egypt plays a major role in the world cotton market, the model allows for the joint determination of export prices, cotton production, and cotton consumption. The relevant supply and demand elasticities are estimated from a simultaneous-equation system. What emerges is that Egypt shifts part of the export tax to foreign consumers and expensive positive social gains from tax subsidy policy on cotton.
显示更多 [+] 显示较少 [-]