Journal article

Authors list: Herrmann, R; Weiss, D

Publication year: 1995

Pages: 918-941

Journal: The Journal of Development Studies

Volume number: 31

Issue number: 6

ISSN: 0022-0388

eISSN: 1743-9140

DOI Link: https://doi.org/10.1080/00220389508422397

Publisher: Taylor and Francis Group

Abstract: 
The Sugar Protocol laid down in the Convention of Lome has been art established instrument of commodity policy for nearly 20 years. Its basic rule is that the EC imports at guaranteed prices specified quantities of sugar from ACP countries. If is the objective of the article to provide an economic evaluation of the Sugar Protocol. Impacts on prices, trade, export earnings and economic welfare are elaborated. The Sugar Protocol's impacts an the level and instability Of sugar export earnings are jointly evaluated by computing transfer and risk benefits along the lines of Nawbery/Stiglitz. A major conclusion is that the policy has to be evaluated differently from the donor's and the recipient's point of view, The Sugar Protocol induces international income transfers that are untargeted in terms of per capita income. It causes however rather strong risk benefits compared with other instruments of international commodity policy and sizeable welfare gains for individual recipient countries.

Harvard Citation style: Herrmann, R. and Weiss, D. (1995) A welfare analysis of the EC‐ACP sugar protocol, The Journal of Development Studies, 31(6), pp. 918-941. https://doi.org/10.1080/00220389508422397

APA Citation style: Herrmann, R., & Weiss, D. (1995). A welfare analysis of the EC‐ACP sugar protocol. The Journal of Development Studies. 31(6), 918-941. https://doi.org/10.1080/00220389508422397