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Membership of NAFTA: a Viable Alternative for UK Agro-Food Producers

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  • G Philippidis

Abstract

As the EU enlarges to 25 members, the UK continues to stagnate on further integration, particularly euro membership. Against this background, senior Eurosceptics have mooted NAFTA accession as a possible alternative, whilst a literature search reveals only one corresponding quantitative impact study. This paper revisits this issue, whilst focusing mainly on the impact on agro-food (AF) sectors, since under the auspices of the common agricultural policy (CAP), UK support (non-border) and trade (border) protection is almost exclusively the preserve of AF sectors. Detrimental impacts to farming incomes are expected, whilst potential real income gains to the UK economy are reported. Classification-JEL:

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  • G Philippidis, 2004. "Membership of NAFTA: a Viable Alternative for UK Agro-Food Producers," Economic Issues Journal Articles, Economic Issues, vol. 9(2), pages 21-42, September.
  • Handle: RePEc:eis:articl:204phillipidis
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    1. Ianchovichina,Elena & Walmsley,Terrie L. (ed.), 2012. "Dynamic Modeling and Applications for Global Economic Analysis," Cambridge Books, Cambridge University Press, number 9781107011694, March.
    2. Pain, Nigel & Young, Garry, 2004. "The macroeconomic impact of UK withdrawal from the EU," Economic Modelling, Elsevier, vol. 21(3), pages 387-408, May.
    3. Hertel, Thomas W., 1994. "The 'procompetitive' effects of trade policy reform in a small, open economy," Journal of International Economics, Elsevier, vol. 36(3-4), pages 391-411, May.
    4. A. T. Blake & A. J. Rayner & G. V. Reed, 1999. "A Computable General Equilibrium Analysis of Agricultural Liberalisation: The Uruguay Round and Common Agricultural Policy Reform," Journal of Agricultural Economics, Wiley Blackwell, vol. 50(3), pages 400-424.
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