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Bilateral Harmonization of EC and U.S. Agricultural Policies

L P Mahe and Christophe Tavera ()

European Review of Agricultural Economics, 1988, vol. 15, issue 4, 327-48

Abstract: Unilateral and simultaneous EC and U.S. agricultural policy changes are simulated with an international trade model. They are carried out involving three steps: (1) grains and feeds, (2) beef and dairy products, and (3) sugar. Both cross effects and own effects are examined on typical policy targets. Results suggest that, while world prices are sometimes drastically altered, the magnitude of cross effects is small and sometimes ambiguous compared with own effects. Feed livestock linkages are dominant factors in the economic rationale behind the interactions between countries. The case for cooperation in this agricultural trade scenario is, however, supported by the evidence from at least a budget point of view. Copyright 1988 by Oxford University Press.

Date: 1988
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Working Paper: Bilateral harmonization of EC and US agricultural policies (1989)
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European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo

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