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Economic Effects Of A Countervailing Duty Order On The U.S. Lamb Meat Industry

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  • Babula, Ronald A.

Abstract

This paper provides the model, analysis, and results of the investigative research by the U.S. International Trade Commission (USITC) staff on the U.S. lamb market impacts from the countervailing duty (CVD) order imposed on certain U.S. imports of New Zealand lamb meat during 1985-90. Presented here are the monthly three-stage least squares model of the U.S. lamb meat industry at the wholesale or meat-packing level, along with the econometric results and analyses obtained from the USITC investigation. Analysis of model results quantifies average estimated CVD-attributed effects on U.S. lamb price, demand and supply of domestically produced lamb, and U.S. lamb import levels. A number of economic parameter estimates and inference results concerning U.S. wholesale lamb market relationships are reported and are of interest, given the scarce published research on the U.S. lamb industry.

Suggested Citation

  • Babula, Ronald A., 1997. "Economic Effects Of A Countervailing Duty Order On The U.S. Lamb Meat Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(01), pages 1-12, April.
    • Handle: RePEc:ags:arerjl:31365
    DOI: 10.22004/ag.econ.31365
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    References listed on IDEAS

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    1. Granger, C. W. J. & Newbold, Paul, 1986. "Forecasting Economic Time Series," Elsevier Monographs, Elsevier, edition 2, number 9780122951831 edited by Shell, Karl.
    2. Halvorsen, Robert & Palmquist, Raymond, 1980. "The Interpretation of Dummy Variables in Semilogarithmic Equations," American Economic Review, American Economic Association, vol. 70(3), pages 474-475, June.
    3. Capps, Oral, Jr. & Byrne, Patrick J. & Williams, Gary W., 1995. "Analysis Of Marketing Margins In The U.S. Lamb Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 24(2), pages 1-9, October.
    4. Van Tassell, Larry W. & Whipple, Glen D., 1994. "The Cyclical Nature Of The U.S. Sheep Industry," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(2), pages 1-13, December.
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    Cited by:

    1. Unknown, 2006. "Journal of International Agricultural Trade and Development, Volume 2, Number 2, Fall 2006," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 2(2).
    2. Babula, Ronald A. & Rich, Karl M., 2001. "A Time-Series Analysis Of The U.S. Durum Wheat And Pasta Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 32(2), pages 1-19, July.

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