| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP98 |
| DP98 Commodity Market Stabilisation and `North-South' Income Transfers: An Empirical Investigation | |
| Andrew Hughes Hallett | |
| 发表日期 | 1986-04-01 |
| 出版年 | 1986 |
| 语种 | 英语 |
| 摘要 | Commodity stabilisation agreements have often been suggested as a means of stabilising producers' revenues and redistributing productive resources to less developed economies (from "North" to "South"). But no empirical estimates of how much may be expected from such agreements, nor of what they would cost to operate, have appeared. This paper examines, in the context of one market, how far prices can be stabilised by buffer stock interventions, the costs of that stabilisation, and whether any redistribution would be achieved. We find pure stabilisation leads to transfers away from the South, but that supply restrictions which force redistribution are extremely expensive. However it is relatively cheap to protect producers in the South against the uncertainty of future revenues. |
| 主题 | International Macroeconomics |
| 关键词 | Buffer stocks Commodity stabilisation schemes North-south models |
| URL | https://cepr.org/publications/dp98 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/529254 |
| 推荐引用方式 GB/T 7714 | Andrew Hughes Hallett. DP98 Commodity Market Stabilisation and `North-South' Income Transfers: An Empirical Investigation. 1986. |
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