The Impact of Trade Openness on Technical Efficiency in U.S. Agriculture
AbstractThis study addresses the impact of trade openness on technical efficiency in the U.S. agricultural sector. The results indicate that trade protectionism illustrated with a decrease in the share of agricultural imports in agricultural GDP led to an increase in technical efficiency. A change in the share of agricultural exports in agricultural GDP had no impact on technical efficiency. These results are partially consistent with the premise of the new trade theory, but also seem to be driven by the intricacies of the agricultural sector and agricultural policy in the US and internationally.
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Bibliographic InfoPaper provided by Southern Agricultural Economics Association in its series 2010 Annual Meeting, February 6-9, 2010, Orlando, Florida with number 56334.
Date of creation: 2010
Date of revision:
Agriculture; Technical Efficiency; Trade Openness; United States; International Relations/Trade; Production Economics; Q17;
Other versions of this item:
- Miljkovic, Dragan & Shaik, Saleem, 2010. "The Impact of Trade Openness on Technical Efficiency in U.S. Agriculture," Agribusiness & Applied Economics Report 95749, North Dakota State University, Department of Agribusiness and Applied Economics.
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
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