EFFECTS OF MORE OPEN TRADE ON CATTLE PRODUCTION, BEEF CONSUMPTION, AND WELFARE IN THE CENTRAL CORRIDOR OF WEST AFRICA
Samuel Asuming-Brempong and
No 21830, 2000 Annual meeting, July 30-August 2, Tampa, FL from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)
The magnitude and direction of trade flows in cattle and beef, and how cattle production and beef consumption adjust in response to more open trade in the Central Corridor (an acronym for the sub-region that includes Ghana, Cote d'Ivoire, Mali, and Burkina Faso) have been estimated. A mathematical programming approach was used to model trade in cattle and beef in the West African Central Corridor. Quadratic programming which maximizes the net social surplus in the Samuelson sense under a competitive market framework when farmers are risk averse was applied. Estimates of consumer surplus, producer profits, and government revenue changes were used as welfare indicators. The different scenarios analyzed indicate that there would be an increase in trade in cattle and beef consumption in the sub-region, as well as an overall welfare gain.
Keywords: International; Relations/Trade (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea00:21830
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