The Impact of Trade Openness of Technical Efficiency in U.S. Agriculture
Auteur : Dragan Miljković
Date de publication : 2010
Éditeur : Department of Agribusiness and Applied Economics, Agricultural Experiment Station, North Dakota State University
Nombre de pages : 13
Résumé du livre
This study addresses the impact of trade openness on technical efficiency in the U.S. agricultural sector. The results indicate that trade protectionism illustrated with a decrease in the share of agricultural imports in agricultural GDP led to an increase in technical efficiency. A change in the share of agricultural exports in agricultural GDP had no impact on technical efficiency. These results are partially consistent with the premise of the new trade theory, but also seem to be driven by the intricacies of the agricultural sector and agricultural policy in the United States and internationally.