The Effect of the Sugar Program on the U.S. Economy: A General Equilibrium Analysis

This study examines the effect of the sugar tariff-rate import quota program on the U.S. economy. Based on a computable general equilibrium model, the analysis suggests that a complete elimination of the sugar program will reduce output for all producing sectors by about $2.85 billion. For producing sectors in addition to the agriculture-program crops, crude oil and petroleum refining sectors, output will increase by about $2.98 billion. Additionally, there will be an increase of about $197 million on $121 million in the consumption of goods and services and in welfare, respectively. The government sector realizes a reduction in revenue of about $15 million.


Issue Date:
1993
Publication Type:
Journal Article
DOI and Other Identifiers:
0738-8950 (Other)
PURL Identifier:
http://purl.umn.edu/62335
Published in:
Journal of Agribusiness, Volume 11, Number 2
Page range:
117-139
Total Pages:
23




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

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