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Estimating The Impact Of Beef Import Restrictions In The Us Import Market

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  • Chambers, Robert G.
  • Just, Richard E.
  • Moffitt, L. Joe
  • Schmitz, Andrew

Abstract

A beef import model is specified and estimated using disequilibrium econometrics. The statistical significance of the model suggests that disequilibrium has historically existed in the US beef import market. Surplus analysis based on the disequilibrium framework indicates that a welfare loss has been incurred as a result of the quota and associated voluntary restraint programmes that have existed in that market.

Suggested Citation

  • Chambers, Robert G. & Just, Richard E. & Moffitt, L. Joe & Schmitz, Andrew, 1981. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 25(2), pages 1-11, August.
    • Handle: RePEc:ags:ajaeau:22869
    DOI: 10.22004/ag.econ.22869
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    References listed on IDEAS

    as
    1. Rausser, Gordon C & Freebairn, John W, 1974. "Estimation of Policy Preference Functions: An Application to U.S. Beef Import Quotas," The Review of Economics and Statistics, MIT Press, vol. 56(4), pages 437-449, November.
    2. Robert G. Chambers & Richard E. Just, 1979. "A Critique of Exchange Rate Treatment in Agricultural Trade Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 249-257.
    3. J. W. Freebairn & Gordon C. Rausser, 1975. "Effects of Changes in the Level of U.S. Beef Imports," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 676-688.
    4. Houck, James P., 1974. "The Short-Run Impact Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-13, April.
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    Cited by:

    1. Martin, William J., 1982. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market: Comment," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 1-5, December.
    2. Robert G. Chambers & Richard E. Just & L. Joe Moffitt & Andrew Schmitz, 1982. "Estimating The Impact Of Beef Import Restrictions In The Us Import Market: Reply," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 26(3), pages 238-240, December.
    3. Oczkowski, Edward, 1998. "The impact of market clearing assumptions and dynamics on demand elasticities," Economics Letters, Elsevier, vol. 59(1), pages 39-43, April.

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    International Relations/Trade; Marketing;

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