Some Issues in the Economic Analysis of Technical Barriers to International Trade in Agri-Food Products
AbstractThis paper examines the technical barriers to international trade. It focuses on the Sanitary and Phytosanitary (SPS) barriers. In Section 2, the standard, small country, partial equilibrium model is modified to reflect the investment aspect of trade policy reform. Investment theory, itself, however, assumes away an important feature of the quarantine situation, namely, the vagueness about the probable effects of relaxing or removing a quarantine barrier. Such removal may give rise to events which have very small probabilities of occurence but which have substantial and possibly irreversibly damaging effects. This aspect of the decision problem is explored in Section 3, while Section 4 contains some concluding comments.
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Bibliographic InfoPaper provided by The University of Melbourne in its series Department of Economics - Working Papers Series with number 663.
Length: 11 pages
Date of creation: 1998
Date of revision:
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Postal: Department of Economics, The University of Melbourne, 5th Floor, Economics and Commerce Building, Victoria, 3010, Australia
Phone: +61 3 8344 5289
Fax: +61 3 8344 6899
Web page: http://www.economics.unimelb.edu.au
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INTERNATIONAL TRADE ; AGRICULTURE ; AGRICULTURAL RESOURCES.;
Find related papers by JEL classification:
- F10 - International Economics - - Trade - - - General
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
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