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TRADE AND WELFARE EFFECTS OF EC ACCESSION ON THE UK AGRICULTURAL SUPPLY INDUSTRIES
Author(s) -
McCorriston S.,
Sheldon I. M.
Publication year - 1989
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1989.tb01112.x
Subject(s) - accession , agriculture , welfare , trade diversion , economics , international economics , trade creation , manufacturing sector , international trade , trade barrier , business , agricultural economics , international free trade agreement , european union , market economy , biology , ecology
The aim of this paper is to assess the effects of accession to the EC on the UK agricultural input industries using a technique commonly applied to examining the effects of accession on the manufacturing sector, the main emphasis being on trade patterns. Some attempt is made to differentiate between the effects of market‐widening and of the CAP, and an assessment of the welfare implications is given. The results indicate that the effect of market‐widening on the input industries was more important than the effect of the CAP and that the net loss of trade diversion was slightly outweighed by the benefits of export expansion