US Pork and China Trade in a Specific Factors Model

Trade with China affects US outputs and factor prices, gauged in the present paper with an applied specific factors model of production focused on pork production. Capital returns closely mirror price changes in the comparative static adjustments. Pork output increases slightly but much more in the long run as investment pursues higher return. Wages of agricultural workers rise while production wages fall in the general equilibrium adjustment.


Issue Date:
2012
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/253509
Published in:
Agricultural Economics Review, Volume 13, Issue 2
Page range:
76-82
Total Pages:
7




 Record created 2017-04-01, last modified 2017-08-22

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