Work

Trade and the Political Economy of Food Standards

Year: 2011

Type: article

Abstract: This article presents a political economy model of public standards in an open economy. We use the model to derive the political optimum and to analyse different factors that have an influence on this political equilibrium. We analyse the relationship between trade and the political equilibria and compare the political outcome with the social optimum to identify under which cases political considerations lead to standards being set ‘too low’ or ‘too high’, and which standards could be labelled as protectionist measures.

Source: Journal of Agricultural Economics

DOI: 10.1111/j.1477-9552.2011.00294.x

Authors: Johan F. M. Swinnen, Thijs Vandemoortele

Institution: KU Leuven

Language: English

Topic: Global trade, sustainability, and social impact

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

SDG: Zero hunger

Open Access status: green

Funders: Fonds Wetenschappelijk Onderzoek, KU Leuven, Vlaamse regering