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Producer Benefits From Technology Induced Supply Shifts In The Ec Cotton Regime

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  • A. C. Herruzo

Abstract

This paper examines the effect of the current EC cotton regime on the level and distribution of potential benefits from technological change in cotton production in Greece and Spain. Results indicate that technical innovations in cotton production benefit producers but do not affect EC consumers and taxpayers. In addition, technical advances in cotton production result in important inter‐country effects. These effects depend strongly on the relative magnitude of each country output and supply elasticity, the smaller producer (Spain) being in a riskier position. Finally, the current EC cotton regime, compared to a system which partitions the maximum guaranteed quantity between the two producer countries, benefits the innovative country.

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  • A. C. Herruzo, 1992. "Producer Benefits From Technology Induced Supply Shifts In The Ec Cotton Regime," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(1), pages 56-63, January.
    • Handle: RePEc:bla:jageco:v:43:y:1992:i:1:p:56-63
    DOI: 10.1111/j.1477-9552.1992.tb00198.x
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    References listed on IDEAS

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    1. Roger N. Rose, 1980. "Supply Shifts and Research Benefits: Comment," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 62(4), pages 834-837.
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    Cited by:

    1. Semos, Anastasios V., 2001. "Estimation of Producer's Assistance and Evaluation of Agricultural Policy for Olive Oil in Greece," Agricultural Economics Review, Greek Association of Agricultural Economists, vol. 2(2), pages 1-12, August.
    2. Giannis Karagiannis & Christos J. Pantzios, 2002. "To Comply or not to Comply with Policy Regulations ‐ the Case of Greek Cotton Growers: a Note," Journal of Agricultural Economics, Wiley Blackwell, vol. 53(2), pages 345-351, July.

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