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A Sectoral Analysis of Agricultural Trade Liberalization

Published online by Cambridge University Press:  28 April 2015

P. Lynn Kennedy  and
Cemal Atici
P. Lynn Kennedy
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University Agriculture Center, Baton Rouge
Cemal Atici
Affiliation:
Department of Agricultural Economics and Agribusiness, Louisiana State University Agriculture Center, Baton Rouge
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Abstract

Complete agricultural trade liberalization between the United States and the European Union is examined with respect to the agricultural sector. A static, partial equilibrium model, distinguishing among the European Union, the United States, and a politically passive rest of the world, is used to simulate agricultural free trade. The results of this research reveal how European Union and United States adoption of free trade affects domestic and world prices, production, consumption, self-sufficiency, and welfare.

Keywords

agricultural policyEuropean Uniontrade liberalizationUnited States
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 30 , Issue 2 , December 1998 , pp. 277 - 284
Copyright
Copyright © Southern Agricultural Economics Association 1998

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