Commodity Trade Analysis in a General Equilibrium Framework BSE Restrictions on Beef Imports from the United States and Canada

Marinos Tsigas, John Giamalva, Nicholas Grossman and Joseph Kowalski

No 331737, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: This paper estimates the economic impacts of BSE-related restrictions imposed on beef imports from the United States and Canada in 2004. The analysis is based on a simulation framework which consists of a partial equilibrium (PE) model and a general equilibrium (GE) model. The PE model focuses on bilateral trade in beef products at the HS six-digit level. The GE model is an economy-wide computable general equilibrium model of bilateral trade specified at an aggregate product level. It is estimated that the long-term effects of the 2004 BSE bans were a $3.1 billion, or 84 percent decline in annual U.S. beef exports; a 6 percent decline in the supply of U.S. beef cattle; a $1.3 billion, or 9 percent decline in beef cattle sales revenue; and a $2.7 billion, or 7 percent decline in beef packing sales revenue.

Keywords: International Relations/Trade; Livestock Production/Industries (search for similar items in EconPapers)
Pages: 22
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331737

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