Journal of Agricultural and Applied Economics · 1998 · 36 citations · 16 references
AgricultureAgricultural EconomicsEconomicsFood EconomicsInternational EconomicsInternational TradeAgricultural Import MarketsFood Marketing EconomicsFood Trade EconomicsImport CompetitionInternational Food TradeLivestock EconomicsConsumer Demand SystemsConsumer Demand TheoryConsumer Preference MeasurementFood Import DemandImpactsPork EconomicsPoultry EconomicsTariff Effects On Imports
Abstract This paper examines Chinese consumer preference for major animal products and assesses the potential impacts of a reduction in China's import tariff on its pork and poultry demand and net import. Our analysis suggests that China's demand for animal products will continue to grow as income increases. Using a trade model, results of our scenario analysis indicate that a reduction in China's import tariffs will significantly increase its net pork and poultry imports and the U.S. will capture most of the increases. Nevertheless, the impact on the market price in China and the U.S. is likely to be very small.
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Likelihood Ratio Tests for Model Selection and Non-Nested Hypotheses
Quang Vuong · Econometrica · 1989 · 6K citations