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A Dynamic Computable General Equilibrium Treatment of the Ban on UK Beef Exports: A Note

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  • George Philippidis
  • Lionel Hubbard

Abstract

Hubbard and Philippidis Journal of Agricultural Economics (2001) Vol. 52, pp. 87-95] employ the standard Global Trade Analysis Project (GTAP) computable general equilibrium (CGE) model to analyse the impact of the bovine spongiform encephalopathy (BSE)-induced ban on exports of UK beef. This note extends that study in four ways: (i) the dynamic GTAP model is employed to characterise long-run savings-investment behaviour more correctly; (ii) the effect of the foot-and-mouth disease (FMD) outbreak of 2001 is included; (iii) an allowance is made for different levels of recovery in consumer confidence; and (iv) the impact analysis is now compared through time with a 'no-ban' baseline. Long-run comparisons after removal of the ban suggest that its legacy may continue for some time. However, because of the remedial safeguards and assurances offered in the wake of the BSE and FMD crises, there is a possibility that exports and outputs increase. Nevertheless, the economy-wide impacts are negligible in both the short and the long run. Copyright 2005 Blackwell Publishing Ltd.

Suggested Citation

  • George Philippidis & Lionel Hubbard, 2005. "A Dynamic Computable General Equilibrium Treatment of the Ban on UK Beef Exports: A Note," Journal of Agricultural Economics, Wiley Blackwell, vol. 56(2), pages 307-312.
  • Handle: RePEc:bla:jageco:v:56:y:2005:i:2:p:307-312
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    References listed on IDEAS

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    1. Ianchovichina, Elena & Robert McDougall, 2000. "Theoretical Structure of Dynamic GTAP," GTAP Technical Papers 480, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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    Cited by:

    1. Gohin, Alexandre & Rault, Arnaud, 2012. "Assessing the economic costs of an outbreak of Foot and Mouth Disease on Brittany: A dynamic computable general equilibrium approach," 123rd Seminar, February 23-24, 2012, Dublin, Ireland 122438, European Association of Agricultural Economists.
    2. Johnson, Kamina K. & Hagerman, Amy D. & Thompson, Jada M. & Kopral, Christine A., 2015. "Factors Influencing Export Value Recovery after Highly Pathogenic Poultry Disease Outbreaks," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IFAMA), vol. 18(A).
    3. Gohin, Alexandre & Rault, Arnaud, 2013. "Assessing the economic costs of a foot and mouth disease outbreak on Brittany: A dynamic computable general equilibrium analysis," Food Policy, Elsevier, vol. 39(C), pages 97-107.
    4. Cassey, Andrew J. & Galinato, Suzette P. & Taylor, Justin L., 2012. "Environmental Regulation and Regional Economy: Economic Impacts of the Elimination of Azinphos-methyl on the Apple Industry and Washington State," Journal of Food Distribution Research, Food Distribution Research Society, vol. 43(2), July.
    5. Gohin, Alexandre & Rault, Arnaud, 2012. "Assessing the economic costs of an outbreak of Foot and Mouth Disease on Brittany: A dynamic computable general equilibrium," 86th Annual Conference, April 16-18, 2012, Warwick University, Coventry, UK 134712, Agricultural Economics Society.
    6. Davis, Christopher G., 2015. "Factors Influencing Global Poultry Trade," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association (IFAMA), vol. 18(A).
    7. Muryani, 2014. "The Impact of Bird Flu on the Economy: CGE Model Approach (Computable General Equilibrium Model)," Asian Economic and Financial Review, Asian Economic and Social Society, vol. 4(8), pages 1062-1078, August.
    8. Mohammad Reza Farzanegan & Mohammad Mohammadikhabbazan & Hossein Sadeghi, 2015. "Effect of Oil Sanctions on the Macroeconomic and Household Welfare in Iran: New Evidence from a CGE Model," MAGKS Papers on Economics 201507, Philipps-Universit├Ąt Marburg, Faculty of Business Administration and Economics, Department of Economics (Volkswirtschaftliche Abteilung).
    9. Rault, Arnaud, 2012. "On the effectiveness of mutual funds to cope with lasting market risks: The case of FMD in Brittany," 126th Seminar, June 27-29, 2012, Capri, Italy 125994, European Association of Agricultural Economists.
    10. Arnaud Rault & St├ęphane Krebs, 2011. "Catastrophic risk and risk management, what do we know about livestock epidemics? State of the art and prospects," Working Papers SMART - LERECO 11-05, INRA UMR SMART-LERECO.

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