Price and Trade Policy in the Grain Sector in Bulgaria and Food Security

Bulgarian Journal of Agricultural Science, 1995, Issue 4, pp. 363-370

Posted: 10 Apr 2017 Last revised: 17 May 2017

See all articles by Tsvetomira Tsenova

Tsvetomira Tsenova

Bulgarian National Bank

Plamen Mishev

University of National and World Economy (UNWE)

Nedka Ivanova

University of National and World Economy (UNWE)

Date Written: December 1, 1994

Abstract

Food security is an important agricultural policy objective in most countries. In Bulgaria food security is achieved by measures focused on self-sufficiency. These policy measures in the grain sector result in substantial efficiency losses and lower growth. Partial equilibrium analysis was used to quantify the welfare effects and losses from different policy measures for the period 1991-1994. The results show that, during the whole period, consumers of farm products have been better off but the producers of cereals have been penalised. Bulgarian foreign exchange earnings have been reduced and net economic loss, resulting from misallocation of resources, have ranged from 220 m to 730 m leva per year. As a result, the short-term gains to consumers achieved by price and trade measures in the period were at expense of long-term gains to Bulgaria as a whole.

Keywords: food security, trade policy, grain sector, Bulgaria

JEL Classification: O24; O13; Q17; C54

Suggested Citation

Tsenova, Tsvetomira and Mishev, Plamen and Ivanova, Nedka, Price and Trade Policy in the Grain Sector in Bulgaria and Food Security (December 1, 1994). Bulgarian Journal of Agricultural Science, 1995, Issue 4, pp. 363-370, Available at SSRN: https://ssrn.com/abstract=2947294

Tsvetomira Tsenova (Contact Author)

Bulgarian National Bank ( email )

1, Knyaz Alexander I Battenberg Square
Sofia, 1000
Bulgaria

HOME PAGE: http://www.tsenova.org

Plamen Mishev

University of National and World Economy (UNWE) ( email )

Studentsky Grad
Sofia, 1700
Bulgaria

Nedka Ivanova

University of National and World Economy (UNWE) ( email )

Studentsky Grad
Sofia, 1700
Bulgaria

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