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Modelling World Dairy Trade: The Potential Impact of Officially Supported Export Credits on the Australian Dairy Industry

Author

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  • Seyoum, Emayenesh
  • Goddard, Ellen
  • MacLaren, Donald
  • Griffith, Garry

Abstract

Rapidly increasing concentration in food manufacturing industries, particularly the merger and acquisition of big dairy companies, has heightened concerns about the exercise of market power in world markets, including dairy. Despite the significant concentration in the international dairy processing sector, previous trade liberalization analysis has all been done in the context of perfect competition and existing trade policy. With evolving trade rules, the impact of non-traditional intervention methods, such as export credit, may become of importance in international dairy markets. In this paper the significance of imperfect competition in analyzing world dairy trade is examined in the context of export subsidies and officially supported export credit.

Suggested Citation

  • Seyoum, Emayenesh & Goddard, Ellen & MacLaren, Donald & Griffith, Garry, 2002. "Modelling World Dairy Trade: The Potential Impact of Officially Supported Export Credits on the Australian Dairy Industry," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 183422, Australian Agricultural and Resource Economics Society.
    • Handle: RePEc:ags:aare02:183422
    DOI: 10.22004/ag.econ.183422
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    References listed on IDEAS

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    4. Piggott, Roley R., 1992. "Some Old Truths Revisited," 1992 Conference (36th), February 10-13, 1992, Canberra, Australia 147251, Australian Agricultural and Resource Economics Society.
    5. Piggott, Roley R., 1992. "Some Old Truths Revisited," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 36(2), pages 1-24, August.
    6. Hyberg, Bengt & Smith, Mark & Skully, David & Davison, Cecil, 1995. "Export credit guarantees: The commodity credit corporation and US agricultural export policy," Food Policy, Elsevier, vol. 20(1), pages 27-39, February.
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