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GTAP Resource #4438

"Price Volatility Effects of the Special Safeguard Mechanism in the Presence of Specific Tariffs"
by Countryman, Amanda M. and Badri Narayanan

Two key policy instruments that have been central in the WTO negotiations under the Doha Development Agenda include the Special Safeguard Mechanism and specific tariffs in agriculture (See for example, Alexandraki and Lankes (2005), Beghin (2005), Hertel, Martin and Leister (2010), Hoek-man, Ng and Olarreaga (2002)). The Special Safeguard Mechanism has been a controversial feature that would allow developing countries to safeguard domestic agricultural markets against surges in imports or reductions in import prices, while developed countries have been urged to convert specific tariffs to ad valorem equivalents. Hertel et al. (2010) found that implementation of the SSM may reduce imports, raise domestic prices, and boost mean domestic production in SSM regions. Furthermore, the SSM is expected increase domestic price volatility in developing countries, rather than insulating countries that use it from price volatility. These findings shed light on the potentially damaging effects of widespread use of the SSM, yet fail to consider intricacies in the preexisting tariff structure of agricultural markets. This research extends the work of Hertel et al. by considering the economic effects of the SSM in the presence of specific tariffs.

Resource Details (Export Citation) GTAP Keywords
Category: 2014 Conference Paper
Status: Published
By/In: Presented at the 17th Annual Conference on Global Economic Analysis, Dakar, Senegal
Date: 2014
Created: Countryman, A. (4/14/2014)
Updated: Countryman, A. (4/14/2014)
Visits: 1,663
- Agricultural policies
- Food prices and food security
- Not Applicable

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