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A Sectoral Analysis of Agricultural Trade Liberalization

Published online by Cambridge University Press:  28 April 2015

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

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.

Type
Articles
Copyright
Copyright © Southern Agricultural Economics Association 1998

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