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| Sherony, Keith R.; Knowles, Glenn J.; Boyd, Roy. |
| The impact of crop losses on the U.S. economy are analyzed using a Computable General Equilibrium (CGE) Model. In doing so, concerns about widespread crop losses due to a global climate change or environmental event are addressed. The CGE approach allows for analysis of the interactions between supply and demand within agricultural markets as well as between these markets and the rest of the economy. The results suggest that policy responses which allow free market pricing signals to determine production mitigate the effects of an event that approximates the drought of 1988. |
| Tipo: Journal Article |
Palavras-chave: Crop Production/Industries. |
| Ano: 1991 |
URL: http://purl.umn.edu/32628 |
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| Boyd, Roy; Uri, Noel D.. |
| This study examines the effect of the sugar tariff-rate import quota program on the U.S. economy. Based on a computable general equilibrium model, the analysis suggests that a complete elimination of the sugar program will reduce output for all producing sectors by about $2.85 billion. For producing sectors in addition to the agriculture-program crops, crude oil and petroleum refining sectors, output will increase by about $2.98 billion. Additionally, there will be an increase of about $197 million on $121 million in the consumption of goods and services and in welfare, respectively. The government sector realizes a reduction in revenue of about $15 million. |
| Tipo: Journal Article |
Palavras-chave: General equilibrium model; Consumer welfare; Sugar program; Tariff-rate quota; Agribusiness; International Relations/Trade. |
| Ano: 1993 |
URL: http://purl.umn.edu/62335 |
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