US Pork and China Trade in a Specific Factors Model

Osei-Agyeman, Yeboah Victor Ofori Boadu and Henry Thompson

Agricultural Economics Review, 2012, vol. 13, issue 2, 7

Abstract: Trade with China affects US outputs and factor prices, gauged in the present paper with an applied specific factors model of production focused on pork production. Capital returns closely mirror price changes in the comparative static adjustments. Pork output increases slightly but much more in the long run as investment pursues higher return. Wages of agricultural workers rise while production wages fall in the general equilibrium adjustment.

Keywords: Agricultural and Food Policy; International Development; International Relations/Trade (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aergaa:253509

DOI: 10.22004/ag.econ.253509

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