Ex Ante Evaluation of the Economic Impacts of Growth Promotants in the U.S. Livestock and Meat Sector
Introduction of animal growth-enhancing technologies will have significant economic impacts on the U.S. livestock sector. Products analyzed include somatotropins and b-agonists in both beef and pork. Economic impacts on the beef, pork, and poultry sectors are estimated using a quarterly econometric simulation model of the U.S. livestock sector. The model allows for: (1) dynamic interaction of the competing meat animal industries as growth-enhancing products become available in each industry; and (2) comprehensive accounting of the cross-commodity effects of the technology changes. Results show that initial adopters are likely to obtain some benefits, but industry profits return to "normal" in the longer run.
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|Date of creation:||01 May 1994|
|Date of revision:|
|Publication status:||Published in Review of Agricultural Economics, May 1994, vol. 16 no. 2, pp. 159-174|
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