Table 3. Welfare Effects of the Andean Price Band System: Changes from the Pre-APBS Period to the APBS Period for Selected
Products in Colombia, Ecuador and Venezuela
|
Product |
Country |
Share of AC Production (%) |
Risk Benefits |
Transfer |
Net Producer |
|
Maize |
Colombia |
40% |
4.84% |
-31.39% |
-26.54% |
|
Ecuador |
21% |
-0.44% |
5.74% |
5.30% | |
|
Venezuela |
39% |
-7.89% |
-0.45% |
-8.33% | |
|
Weighted Average |
-1.24% |
-11.59% |
________-12.83% | ||
|
Rice |
Colombia |
50% |
0.79% |
7.55% |
-6.76% |
|
Ecuador |
31% |
0.90% |
-5.63% |
-4.73% | |
|
Venezuela |
19% |
0.87% |
-4.30% |
-3.44% | |
|
Weighted Average |
0.84% |
-6.34% |
_________-5.50% | ||
|
Sugar |
Colombia |
70% |
2.36% |
-53.49% |
-51.13% |
|
Ecuador |
12% |
0.32% |
5.29% |
5.60% | |
|
Venezuela |
18% |
-0.30% |
-24.42% |
-24.72% | |
|
Weighted Average |
1.62% |
-41.10% |
________39.47% | ||
|
Milk |
Colombia |
60% |
-3.24% |
8.82% |
5.58% |
|
Ecuador |
22% |
-0.27% |
-8.23% |
-8.51% | |
|
Venezuela |
18% |
1.86% |
-36.65% |
-34.79% | |
|
Weighted Average |
-1.65% |
-3.26% |
-4.91% |