THE WORLD BANK ECONOMIC REVIEW, VOL. 18, NO. 1, 59-84
THE WORLD BANK ECONOMIC REVIEW, VOL. 18, NO. 1,
© The International Bank for Reconstruction and Development / THE WORLD BANK 2004; all rights reserved
Tracking Distortions in Agriculture: China and Its Accession to the World Trade Organization
Jikun Huang is with the Chinese Academy of Sciences; his e-mail address is jikhuang{at}public.bta.net.cn. Scott Rozelle and Min Chang are with the University of California, Davis; Rozelle's e-mail address is rozelle{at}primal.ucdavis.edu, and Chang's e-mail address is chang{at}primal.ucdavis.edu.
Abstract
This article examines the impacts of China's accession to the World Trade Organization (WTO) on prices in its agricultural sector. The analysis uses a new methodology to estimate nominal protection rates in China's agricultural sector before its accession to the WTO. These new measures account for differences in commodity quality within China and between China and world markets. The analysis shows that some of China's agricultural commodities are well above world market prices and others are well below. The article also assesses market integration and efficiency in China. It finds high degrees of integration between coastal and inland markets and between regional and village markets. The remarkable improvements in market performance in recent years mean that if increased imports or exports affect China's domestic price near the border, producers throughout most of China will feel the price shifts.
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