The Political Economy of Agricultural and Food Policies: Recent Contributions, New Insights, and Areas for Further Research

In: Applied economic perspectives and policy, Volume 32, Issue 1, p. 33-58

Abstract

AbstractThis article reviews innovative research that has emerged in recent years, both in the general economics literature and as applied to agricultural and food policies. There have been important innovations and new insights in these fields, particularly regarding the micro‐foundations of political decision‐making, the impact of political institutions and ideology, and the role of the media. Data have also improved substantially. However, there are still important gaps in our understanding. Further research should focus on capturing interactions between explanatory variables, more refined measurement of (political) institutions and reforms, the effects of international agreements, broader representation of agents, more explicit modeling of crises, discontinuous effects, and the interaction of multiple policies.