The Analysis of TRQ Adjustment of Taiwan Rice Industry
Date Issued
2007
Date
2007
Author(s)
Yang, Chih-Kuan
DOI
zh-TW
Abstract
Rice is a staple food for our people, and also is the most important industry in Taiwan. Because of the multiple goals of rice policy, every adjustment of rice policy is intricate and linked with other policies, especially under the pressure of the market access. Since the rice market in Taiwan should be liberalized gradually, no matter the tariff reductions or TRQ expansion will results in greater pressure to open market. Meanwhile, any TRQ policy adjustment will affect the domestic supply and demand. The objective of this paper is to evaluate how the probable TRQ adjustment schemes of the groups in WTO influence the price and quantity in Taiwan, and furthermore find the equivalence of the tariff and TRQ.
There are several conclusions by the simulation in this paper. Firstly, the demand elasticity, supply elasticity, and income elasticity are -0.3174, 0.5248, and 0.1835. It appeals the characteristics of normal goods and inelasticity of rice. Secondly, the TRQ adjustment scheme of G-10 will make a less impact on rice market of Taiwan. The EU scheme is posterior, and the G-20 scheme has the largest influence. Last, the equivalence of tariff and TRQ is -3.85. It means the effect on price resulting from reducing tariff by 1% is equal to that of expanding TRQ by 3.85%.
Subjects
關稅配額
抵換關係
世界貿易組織
稻米政策
稻米市場模型
TRQ
equivalence
WTO
rice policy
rice market model
Type
thesis
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