:::

【Macro Seminar】The Macroeconomic Impact of Agricultural Input Subsidies


  • 研討會日期 : 2024-10-01
  • 時間 : 14:30
  • 主講人 : Professor Karol Mazur
  • 地點 : Conference Room B110
  • 主持人 : Professor T. Terry Cheung
  • 演講者簡介 : Professor Karol Mazur received his PhD from the European University Institute in 2019. He is currently an Assistant Professor at Peking University. His research fields of interest are Macroeconomics, Development, and Human Capital.
  • 演講摘要 : Governments operate agricultural input subsidy programs worldwide. Using a general equilibrium heterogeneous agent model featuring transaction costs, we quantitatively evaluate the macroeconomic consequences of such policies. Focusing on Malawi’s Farm Input Subsidy Program, we find that while this large program decreases undernutrition, it reduces welfare by exacerbating misallocation and benefiting the wealthier urban population. We show that partial equilibrium analysis leads to contrary conclusions and that halving the subsidy rate or investing in infrastructure improves outcomes. Finally, we demonstrate that the microdata from Malawi and cross-country data from Sub-Saharan Africa are consistent with the predictions of our model.