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Regional Adjustment Costs: A Failure of National Analysis

Published online by Cambridge University Press:  28 April 2015

Michael R. Dicks
Michael R. Dicks*
Affiliation:
Department of Agricultural Economics, Oklahoma State University
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Abstract

The use of national aggregate measures for the purpose of analyzing the impacts of agricultural policies often hides the impact of national policies on the distribution of benefits and costs between and within regions, size, and types of businesses. While economists can use national aggregate measures to indicate changes in overall efficiency due to policies, the tradeoff between efficiency and equity should be measured and the results provided to policymakers. These tradeoffs were not presented during the 1995–96 Farm Bill debate.

Keywords

agricultural policyequityfarm bill
Type
Invited Paper Sessions
Information
Journal of Agricultural and Applied Economics , Volume 28 , Issue 1 , July 1996 , pp. 24 - 34
Copyright
Copyright © Southern Agricultural Economics Association 1996

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