We develop a three region – U.S., Mexico, and Rest-of-World – simulation model to analyze the effects on the agricultural sector of a potential preferential trading arrangement (PTA) between Mexico and the United States. The […]
What is the Cause of Growth in Regional Trade: Trade Liberalization of RTA’s? The Case of Agriculture
This paper delves into the debate on the proliferation of regional trade arrangements by focusing on bilateral agricultural trade data over the 1962-1995 period for countries that currently are members of NAFTA, Mercosur, the EU […]
Economic Costs of the U.S. Wheat Export Enhancement Program: Manna from Heaven or from Taxpayers
Traditional models of export bonus programs focus only on the effects of disposing public stocks on the world market. We show that the economic effects of export bonus programs are significantly different when one includes […]