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Evaluating the Effects of P.L. 480 Wheat Imports on Brazil's Grain Sector
Author(s) -
Hall Lana L.
Publication year - 1980
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1239468
Subject(s) - revenue , production (economics) , economics , government revenue , agricultural economics , government (linguistics) , econometric analysis , business , international trade , international economics , macroeconomics , linguistics , philosophy , accounting
Econometric analysis of the grain sector of Brazil shows that P.L. 480 wheat imports have had a positive impact on grain production. This was due primarily to government wheat import and domestic price support programs whereby revenues gained from wheat imports may be used to support domestic grain producers. The positive production impact must, however, be balanced against the negative effects of P.L. 480 on commercial wheat imports and the potential disruptions of world wheat markets.