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| Kennedy, P. Lynn; Atici, Cemal. |
| The entrance of additional countries into a European customs union, in this case Turkey, and its impact on agriculture are examined. Results from a trade simulation model are used as components of a Political Preference Function and utilized within a game theoretic framework to identify the optimal strategies for Turkey, the EU, and the U.S. Turkey's best interest, from an agricultural perspective, involves adoption of agreements made in the Uruguay round of GATT as a developing country rather than applying EU protection. Although free trade is not the optimal solution, simulations indicate that the solution does involve the reduction of agricultural protection levels. |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1999 |
URL: http://purl.umn.edu/31289 |
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| Kennedy, P. Lynn; Atici, Cemal. |
| Complete agricultural trade liberalization between the United States and the European Union is examined with respect to the agricultural sector. A static, partial equilibrium model, distinguishing among the European Union, the United States, and a politically passive rest of the world, is used to simulate agricultural free trade. The results of this research reveal how European Union and United States adoption of free trade affects domestic and world prices, production, consumption, self-sufficiency, and welfare. |
| Tipo: Journal Article |
Palavras-chave: Agricultural policy; European Union; Trade liberalization; United States; International Relations/Trade. |
| Ano: 1998 |
URL: http://purl.umn.edu/15559 |
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