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The Long-Run Efficiency of United States Sugar Policy

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  • Thomas H. Bates

Abstract

The adequacy of future sugar availabilities for United States consumption requirements since the 1960 embargo on Cuban sugar is a matter of continuing concern. This article gives estimates of the long-run effects of this embargo on the world and the United States sugar economies as well as of the efficiency of current United States long-run sugar supply policy. Long-run supply and demand functions were estimated and a general equilibrium competitive model was constructed. Comparison of the results of this competitive model with projected results of the present United States sugar supply program demonstrates the potential economic inefficiencies of the program.

Suggested Citation

  • Thomas H. Bates, 1968. "The Long-Run Efficiency of United States Sugar Policy," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 50(3), pages 521-535.
    • Handle: RePEc:oup:ajagec:v:50:y:1968:i:3:p:521-535.
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    File URL: http://hdl.handle.net/10.2307/1238257
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    Cited by:

    1. Alvarez, Jose & Castellanos, Lazaro Pena, 1995. "Preliminary Study of the Sugar Industries in Cuba and Florida Within the Context of the World Sugar Market," International Working Paper Series 237432, University of Florida, Food and Resource Economics Department.
    2. Johnson, D. Gale, 1977. "Postwar Policies Relating to Trade in Agricultural Products," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    3. Jose Alvarez & William Messina, 1993. "Potential Cuban agricultural export profile under open trade between the U. S. and Cuba," Agriculture and Human Values, Springer;The Agriculture, Food, & Human Values Society (AFHVS), vol. 10(3), pages 61-74, June.
    4. Johnson, D. Gale, 1977. "PART IV. Postwar Policies Relating to Trade in Agricultural Products," AAEA Monographs, Agricultural and Applied Economics Association, number 337216, january.
    5. Bates, Thomas H. & Schmitz, Andrew, 1969. "A Spatial Equilibrium Analysis of the World Sugar Economy," Monographs, University of California, Davis, Giannini Foundation, number 251920, December.
    6. José Alvarez, 1992. "Cuba's Sugar Industry in the 1990s: Potential Exports to the U.S. and World Markets," Annual Proceedings, The Association for the Study of the Cuban Economy, vol. 2.

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