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Discussion Paper Details

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Title: Domestic and Trade Policy for Central and East European Agriculture

Author(s): Larry Karp and Spiro Stefanou

Publication Date: November 1993

Keyword(s): Agricultural Policy, Central and Eastern Europe, Collateral Subsidies and Economic Transition

Programme Area(s): International Trade and Regional Economics

Abstract: After a brief period of liberal agricultural policies, Central and East European (CEE) countries have begun to rely increasingly on price subsidies and trade restrictions. We outline the situation of CEE agriculture and describe current policies. Scarce government funds could be better used to support agriculture by providing partial loan guarantees, thus reducing private collateral requirements and making credit more widely available. This policy would provide income and not merely price insurance. In addition, it avoids the commodity bias associated with price policies. Others have argued that traditional price and trade policies should be used to support CEE agriculture, citing the example of OECD nations, and in particular the goal of joining the EC. We summarize and criticize these arguments.

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Bibliographic Reference

Karp, L and Stefanou, S. 1993. 'Domestic and Trade Policy for Central and East European Agriculture'. London, Centre for Economic Policy Research. https://cepr.org/active/publications/discussion_papers/dp.php?dpno=814