EFFECTS OF PROTECTION ON SOUTH AFRICAN COMMERCIAL AGRICULTURE
研究了保护性贸易政策如何通过结构性成本推动通货膨胀，影响南非商业农业的农场收支、资产负债及农场结构变化，并指出这些政策是当前农业问题的部分原因。
This paper examines the influence of protection on South African commercial agriculture. It shows that protective trade policy and its effects have been a major source of agricultural change in South Africa, and are at least partially responsible for many of the present problems experienced in South African agriculture. First, it outlines how structural cost‐push inflation resulted from the protective trade policies and shows the effect thereof on farm receipts, expenses and balance sheets. This is followed by changes in farm structure, mainly size, number of farms, and the ratio of capital and labour in the production process. The paper concludes with some policy aspects.