There are differing views on how liberalization of agricultural markets by the US and the EU will affect developing countries. This project sheds light on the implications of liberalization by developing a tractable general equilibrium model that identifies the incidence of trade distorting barriers and production subsidies.
Jensen, P.E.; Yotov, Y.V. Agricultural Policy, Gravity and Welfare (IGC Policy Brief). International Growth Centre (IGC), London, UK (2012) 5 pp.