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A Multicommodity Analysis of Trade Policy Effects: The Case of Nicaraguan Agriculture
Author(s) -
Fajardo Daniel,
McCarl Bruce A.,
Thompson Robert L.
Publication year - 1981
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 - 10.2307/1239808
Subject(s) - subsidy , agriculture , economics , product (mathematics) , identification (biology) , quadratic equation , international economics , international trade , mathematics , market economy , ecology , biology , botany , geometry
Agricultural trade policies for a small country are analyzed, using a simple, multicommodity, quadratic programming, agricultural sector model. The policy conditions simulated include ( a ) quantitative trade restrictions given an uncertain world market, ( b ) export taxation, and ( c ) import subsidies. The multicommodity, sectoral‐wide coverage permits analysis of the factor‐product market linkages and enables identification of the distributional consequences.