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An Assessment of the 1988 Japanese Beef Market Access Agreement on Beef and Feed‐Grain Markets
Author(s) -
Van der Sluis Evert,
Hayes Dermot J.
Publication year - 1991
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349556
Subject(s) - business , beef industry , agricultural economics , economics
The impact of the 1988 Beef Market Access Agreement (BMAA) on beef and feed‐grain markets in the United States, Australia, and Japan is analyzed. The method used is a nonspatial, three‐commodity, three‐country equilibrium model. The results indicate that the BMAA will increase U.S. beef exports, but will not significantly alter U.S. feed‐grain prices. The U.S. market shares will increase as higher export demand causes Australian beef prices to rise. Australian beef exports to the United States should fall as Australia builds its breeding herd.