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Political Economy of U.S. Sugar Policies
Author(s) -
Lopez Rigoberto A.
Publication year - 1989
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 - 10.2307/1241771
Subject(s) - linkage (software) , sugar , economics , politics , federal budget , international economics , economic policy , agricultural economics , market economy , political science , finance , biology , food science , biochemistry , gene , fiscal year , law
This article examines political‐economic decision making with respect to U.S. sugar policies. It evaluates the responsiveness of target prices and import quotas levels to changes in ( a ) the economic surpluses of market participants and ( b ) the federal budget deficit. Results indicate a weak linkage between sugar producer surplus and subsequent target prices levels but a strong linkage between the federal budget deficit and subsequent import quota levels. The influences of sugar users, corn sweetener producers, and foreign countries are also examined.