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The Impact of Imports of Manufactured Milk Products on the U.S. Dairy Industry

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  • Andrew M. Novakovic
  • Robert L. Thompson

Abstract

Recent events have sparked a debate over the effects of increased dairy imports on the U.S. dairy industry. This study attempts to estimate these impacts via an econometric model of the U.S. dairy sector. The time paths of adjustment of consumption, production, and price of specific dairy products and raw milk are estimated under three alternative levels of manufactured milk product imports. The analysis suggests that much larger than historically "normal" import levels are required to bring about a substantial impact upon the dairy industry in the longer run.

Suggested Citation

  • Andrew M. Novakovic & Robert L. Thompson, 1977. "The Impact of Imports of Manufactured Milk Products on the U.S. Dairy Industry," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 59(3), pages 507-519.
    • Handle: RePEc:oup:ajagec:v:59:y:1977:i:3:p:507-519.
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    File URL: http://hdl.handle.net/10.2307/1239652
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    Cited by:

    1. Womack, Abner W. & Perso, Robin K. & Brandt, Jon A., 1989. "An Econometric Model of the U.S. Dairy Industry," WAEA/ WFEA Conference Archive (1929-1995) 244832, Western Agricultural Economics Association.
    2. Bailey, Kenneth W., 2009. "Documentation of a Dynamic and Simultaneous Econometric Model of the U.S. Dairy Industry," Staff Paper Series 48653, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.
    3. Bailey, Kenneth W., 2000. "Evaluating The Economic Impacts Of Regional Milk Pricing Authorities: The Case Of Dairy Compacts," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 29(2), pages 1-12, October.
    4. Bailey, Kenneth W. & Wu, Zhen, 2005. "An Economic Model Of U.S. Imports Of Butter And Milk Fat Products," Staff Paper Series 18846, Pennsylvania State University, Department of Agricultural Economics and Rural Sociology.

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