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Impact of potential dairy-beef production on China's beef supply, demand and international trade

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  • Wang, Dong
  • Parton, Kevin A.
  • Deblitz, Claus
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    Abstract

    In the past China has been self-sufficient in beef products, but, with a dramatic increase in consumer spending on food, demand for beef, which is seen as a novel and nutritious food, has grown. By employing a partial equilibrium model and sensitivity analysis under different scenarios, this study found that an expanded dairy-beef industry would reduce the beef deficit that arises, from 2008 onwards. The additional dairy-beef production would reduce the price of beef, and reduce, although not fill, the projected gap of 50 000 tonnes per year. Without dairy-beef, China will have a significant beef shortage.

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    File URL: http://purl.umn.edu/125734
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    Bibliographic Info

    Article provided by University of Melbourne, Melbourne School of Land and Environment in its journal Australasian Agribusiness Review.

    Volume (Year): 16 (2008)
    Issue (Month): ()
    Pages:

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    Handle: RePEc:ags:auagre:125734

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    Web page: http://www.agrifood.info/review/

    Related research

    Keywords: China; beef; dairy-beef; partial equilibrium model; sensitivity analysis; international trade; Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; Farm Management; Food Security and Poverty; International Relations/Trade; Livestock Production/Industries; Marketing; Production Economics; Research Methods/ Statistical Methods; ISSN 1442-6951;

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    1. Ian Shaw & John Shaffer & V. Premakumar, 1997. "Policy and Forecasting Models for the Chinese, South Korean, Australian, and European Union Meat Sectors," Center for Agricultural and Rural Development (CARD) Publications 97-tr35, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. John D. Schmitz, 1997. "Dynamics of Beef Cow Herd Size: An Inventory Approach," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 79(2), pages 532-542.
    3. Ian Shaw & John Shaffer & V. Premakumar, 1997. "Policy and Forecasting Models for the Chinese, South Korean, Australian, and European Union Meat Sectors," Food and Agricultural Policy Research Institute (FAPRI) Publications 97-tr35, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
    4. Randal R. Rucker & Oscar R. Burt & Jeffrey T. LaFrance, 1984. "An Econometric Model of Cattle Inventories," Development Research Unit Working Paper Series archive-25, Monash University, Department of Economics.
    5. Ronnie O'Toole & Alan Matthews, 2002. "The IMAGE CGE Model: Understanding the Model Structure, Code and Solution Methods," Trinity Economics Papers 20029, Trinity College Dublin, Department of Economics.
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