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Foreign Trade, Protection, and Multinational Activity in U.S. Food Processing Industries

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  • Pagoulatos, Emilio
  • Sorensen, Robert

Abstract

The analytical framework of international trade and industrial organization is used to review and test some new hypotheses about the effect of foreign trade, protection, and foreign direct investment on domestic profitability of U.S. food processing industries. Though several studies have examined the relationship between market structure and performance in food processing [7, 10], they are based on an implicit assumption that the economy is closed. The extensive multinational expansion of American food processors, documented by Horst [8], and their growing dependence on foreign trade suggest that this assumption has become untenable and that the proper identification of industrial structure must account for these foreign factors.

Suggested Citation

  • Pagoulatos, Emilio & Sorensen, Robert, 1979. "Foreign Trade, Protection, and Multinational Activity in U.S. Food Processing Industries," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 11(1), pages 119-125, July.
    • Handle: RePEc:cup:jagaec:v:11:y:1979:i:01:p:119-125_01
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    Cited by:

    1. Ian M. Sheldon, 2021. "Reflections on a Career as an Industrial Organization and International Economist," Applied Economic Perspectives and Policy, John Wiley & Sons, vol. 43(2), pages 468-499, June.
    2. Lopez Elena & Lopez Rigoberto A., 2017. "Introduction to the Special Issue in Honor of Professor Emilio Pagoulatos," Journal of Agricultural & Food Industrial Organization, De Gruyter, vol. 15(2), pages 1-5, December.

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