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    The impacts of United States agricultural policies on the world price of corn.

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    Author
    Mobula, Meta Lidoga.
    Issue Date
    1989
    Keywords
    Corn -- Prices.
    International trade.
    Agricultural subsidies -- United States.
    Advisor
    Fox, Roger
    
    Metadata
    Show full item record
    Publisher
    The University of Arizona.
    Rights
    Copyright © is held by the author. Digital access to this material is made possible by the University Libraries, University of Arizona. Further transmission, reproduction or presentation (such as public display or performance) of protected items is prohibited except with permission of the author.
    Abstract
    The US government has been actively involved in the production and trade of agricultural products in the world market. Corn as an agricultural product has not been spared. The minimum price for corn has been set above the domestic and world market prices. Such pricing policies have naturally generated surpluses that have been traded in the world market at subsidized prices. At times, the US has used acreage control policy to help reduce the level of excess supply. Price and income subsidies also have been used to complement acreage control policy when surpluses are immense. The empirical results have shown that these interventions have impacted on the world price of corn and subsequently on the foreign exchange earnings of the competing exporting countries. However, the issue of how significant these instabilities have been still remains and is more of a normative issue. The measure of the opportunity costs of these policies has provided an idea of the size of compensation to the competing countries of Argentina and Thailand. The last part of the dissertation investigates on the possible effects of the US policies on the behavior of Argentina and Thailand. The results obtained cannot confirm nor reject the premisses of US policies' harmful impacts. Such inconclusive outcome may be tied back to the inconsistency of the trading policy setting in Argentina and Thailand. Based on economic theory, suggestions have been made regarding the establishment of international stabilization and compensatory schemes to help move the world corn economy toward a Pareto optimal production level.
    Type
    text
    Dissertation-Reproduction (electronic)
    Degree Name
    Ph.D.
    Degree Level
    doctoral
    Degree Program
    Economics
    Graduate College
    Degree Grantor
    University of Arizona
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    Dissertations

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