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International trade analysis of impact of North American Free Trade Agreement on US pecan producers
Author(s) -
Sun G.J.,
Epperson J.E.,
Ames G.C.W.
Publication year - 1996
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/(sici)1520-6297(199603/04)12:2<167::aid-agr6>3.0.co;2-0
Subject(s) - free trade agreement , economics , offset (computer science) , agricultural economics , international trade , econometric analysis , government (linguistics) , econometric model , economic impact analysis , international economics , free trade , macroeconomics , econometrics , microeconomics , linguistics , philosophy , computer science , programming language
The objective of this study was to examine the economic impact of NAFTA on US producers of pecans. An econometric method was used to develop supply and demand functions for the United States and an excess supply function for Mexico. The equations were used to measure gains for US consumers and losses for US pecan producers and the government. The increase in Mexican real disposable national income necessary to offset losses to US pecan producers in the aftermath of NAFTA was also measured. © 1996 John Wiley & Sons, Inc.