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An Assessment of the 1988 Japanese Beef Market Access Agreement on Beef and Feed-Grain Markets

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  • Evert Van der Sluis
  • Dermot J. Hayes

Abstract

The impact of the 1988 Beef Market Access Agreement (BMAA) on beef and feed-grain markets in the United States, Australia, and Japan is analyzed. The method used is a nonspatial, three-commodity, three-country equilibrium model. The results indicate that the BMAA will increase U.S. beef exports, but will not significantly alter U.S. feed-grain prices. The U.S. market shares will increase as higher export demand causes Australian beef prices to rise. Australian beef exports to the United States should fall as Australia builds its breeding herd.

Suggested Citation

  • Evert Van der Sluis & Dermot J. Hayes, 1991. "An Assessment of the 1988 Japanese Beef Market Access Agreement on Beef and Feed-Grain Markets," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 13(1), pages 45-58.
    • Handle: RePEc:oup:revage:v:13:y:1991:i:1:p:45-58.
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    References listed on IDEAS

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    1. Wahl, Thomas I. & Hayes, Dermot J. & Williams, Gary W., 1987. "Japanese Beef Policy and GATT Negotiations: An Analysis of Reducing Assistance to Beef Producers," Working Papers 51242, International Agricultural Trade Research Consortium.
    2. Miyazaki, Akira, 1986. "Production and Consumption of Beef in Japan," Western Region Archives 307732, Western Region - Western Extension Directors Association (WEDA).
    3. Miyazaki, Akira, 1986. "Production and Consumption of Beef in Japan," Western Region Archives 279353, Western Region - Western Extension Directors Association (WEDA).
    4. Van der Sluis, Evert, 1988. "A nonlinear multicountry multicommodity spatial equilibrium model with an application," ISU General Staff Papers 1988010108000018153, Iowa State University, Department of Economics.
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    Cited by:

    1. Lin, Biing-Hwan & Makus, Larry D., 1990. "TOTAL IMPORTS AND IMPORT PATTERNS OF BARLEY INTO JAPAN: Implications of the 1988 Japanese Beef Market Access Agreement," A.E. Research Series 140525, University of Idaho, Department of Agricultural Economics and Rural Sociology.
    2. Jang, Joonkyung, 1992. "A spatial equilibrium analysis of the impact of transportation costs and policy changes on the export of U.S. beef and feed grains," ISU General Staff Papers 1992010108000017632, Iowa State University, Department of Economics.
    3. Wahl, Thomas I. & Mittelhammer, Ron C. & Hayes, Dermot J., 1992. "Is Japanese Meat Demand a Direct or Inverse AIDS Demand System?," WAEA/ WFEA Conference Archive (1929-1995) 321347, Western Agricultural Economics Association.

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