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dc.contributor.authorWood-Belton, Mary
dc.date.accessioned2015-05-29T00:55:54Z
dc.date.available2015-05-29T00:55:54Z
dc.date.issued1988
dc.identifier.urihttps://hdl.handle.net/10182/6570
dc.description.abstractThis study examines the welfare effects of United States domestic dairy policy on the New Zealand and U.S. dairy markets. The theoretical framework used is a partial equilibrium single-commodity competitive trade model. Special emphasis is given to endogenous policy formation in the United States. The analysis is conducted in the context of a 16 equation econometric model estimated with single equation methods over the period 1964 to 1985. Three hypothetical policy experiments are undertaken; all involve changes to the U.S. policy-setting environment. The principle result is that changes in U.S. dairy policy appear to have little effect on the world price for dairy products and the New Zealand market. N.Z. producer and consumer welfare effects in most cases are several thousand N.Z. dollars or less than 0.02 percent of estimated New Zealand gross dairy income. Effects on the U.S. market are larger, with one policy experiment generating a loss of over N.Z.$59 million to U.S. producers, a benefit of nearly the same size to U.S. consumers and a U.S. taxpayer benefit of over N.Z.$3.6 million.en
dc.language.isoenen
dc.publisherLincoln College, University of Canterburyen
dc.rights.urihttps://researcharchive.lincoln.ac.nz/page/rights
dc.subjectdairyen
dc.subjectinternational tradeen
dc.subjectwelfare analysisen
dc.subjecteconometricsen
dc.subjectendogenous policy variablesen
dc.subjectagricultural policyen
dc.subjectsupply functionsen
dc.subjectdemand functionsen
dc.titleEffects of United States Dairy Policy on the New Zealand Dairy Marketen
dc.typeThesisen
thesis.degree.grantorUniversity of Canterburyen
thesis.degree.levelMastersen
thesis.degree.nameMaster of Agricultural Commerceen
lu.thesis.supervisorLattimore, Ralph
lu.contributor.unitDepartment of Agribusiness and Marketsen
dc.rights.accessRightsDigital thesis can be viewed by current staff and students of Lincoln University only. Print copy available for reading in Lincoln University Library. en
dc.subject.anzsrc140219 Welfare Economicsen
dc.subject.anzsrc140303 Economic Models and Forecastingen


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