The Effect of the Sugar Program on the U.S. Economy: A General Equilibrium Analysis

Roy Boyd and Noel D. Uri

Journal of Agribusiness, 1993, vol. 11, issue 2, 23

Abstract: This study examines the effect of the sugar tariff-rate import quota program on the U.S. economy. Based on a computable general equilibrium model, the analysis suggests that a complete elimination of the sugar program will reduce output for all producing sectors by about $2.85 billion. For producing sectors in addition to the agriculture-program crops, crude oil and petroleum refining sectors, output will increase by about $2.98 billion. Additionally, there will be an increase of about $197 million on $121 million in the consumption of goods and services and in welfare, respectively. The government sector realizes a reduction in revenue of about $15 million.

Keywords: Agribusiness; International Relations/Trade (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jloagb:62335

DOI: 10.22004/ag.econ.62335

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