Agricultural Trade among NAFTA Countries: A Case Study of U.S. Meat Exports

Agricultural Trade among NAFTA Countries: A Case Study of U.S. Meat Exports

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Article ID: iaor201524587
Volume: 31
Issue: 3
Start Page Number: 424
End Page Number: 445
Publication Date: Sep 2009
Journal: Review of Agricultural Economics
Authors: ,
Keywords: case studies, world trade, NAFTA, livestock
Abstract:

The U.S. NAFTA partners are important markets for U.S. meat exports. A source‐differentiated almost ideal demand system is used in this study to estimate meat demand in Canada and Mexico. Empirical results suggest that while a U.S. price increase in the Canadian market is expected to increase U.S. sales revenues; it would decrease sales revenues in the Mexican market. Furthermore, an increase in meat expenditures in Canada and Mexico is expected to increase the demand for U.S. meats, while the bovine spongiform encephalopathy outbreaks have had a negative effect on U.S. and Canadian beef market shares. Finally, a decomposition of the causes of changes in demand for U.S. meats over time is performed.

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