Dynamic adjustment of Japanese livestock markets is analyzed under two alternative import policies: the 1988 Japanese Beef Market Access Agreement (BMAA) and complete liberalization of Japanese beef import policies. Modeling problems associated with these policies include the change from a quota to a tariff, the incorporation of a meat demand system derived from utility-maximizing behavior into a livestock policy model, complementarity, and changes in the degree of producer supply responsiveness under alternative policies. An econometric model of the Japanese livestock industry is used to simulate and compare the impacts of the two policies from 1988 through 1997.
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Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number
474.
Length: Date of creation: 01 Sep 1992 Date of revision: Publication status: Published in American Journal of Agricultural Economics, January 1991, Vol. 73, No. 1, pp. 118-32. Handle: RePEc:isu:genres:474
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