Agricultural Price Policy in General Equilibrium Models: Results and Comparisons
用六个国家的可计算一般均衡模型分析农业价格、食品补贴和投资分配政策，发现这些政策的跨部门增长效应和收入分配效应与局部均衡方法结果差异很大，且工资决定机制对价格政策的实际收入效应至关重要。
Abstract A number of alternative policies toward agricultural prices, food subsidies, and intersectoral allocation of investment are analyzed with computable general equilibrium models for six countries. The models generally allow us to trace the intersectoral and intertemporal growth effects of these policies as well as their income distribution effects across social groups. The results obtained are shown to be eventually quite different from those derived from partial equilibrium and multimarket approaches. Sensitivity analysis to alternative specifications of the mechanism of wage determination shows that the real income effects of price policies are critically dependent upon the particular theory of wage determination used.