 Impacts of the EU Banana Market Regulation on International Competition, Trade and WelfareLutz Kersten European Review of Agricultural Economics, 1995, vol. 22, issue 3, 321-35 Abstract: With the completion of the Single Internal Market, the EU introduced a common market regulation for bananas to replace national banana market policies in member countries. A spatial quadratic programming model is used to quantify the effects of the new regime on production, consumption, the regional structure of international trade, and regional prices and welfare. The results indicate that Latin American exporting countries will lose market share, producers' surplus and export taxes. EU consumers lose US $1.14 billion, of which only 22 percent reaches the beneficiary countries and regions. Roughly 60 percent of the loss in consumers' surplus is shifted to import license holders as a quota rent and less than 15 percent is to be paid as import duty, the rest being deadweight loss. Copyright 1995 by Oxford University Press. Date: 1995 There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:oup:erevae:v:22:y:1995:i:3:p:321-35 Ordering information: This journal article can be ordered from Access Statistics for this article European Review of Agricultural Economics is currently edited by Timothy Richards, Salvatore Di Falco, Céline Nauges and Vincenzina Caputo More articles in European Review of Agricultural Economics from Oxford University Press and the European Agricultural and Applied Economics Publications Foundation Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC. |
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