Economic Analysis of the Impact of Changes in the EC's Milk Quota, An

David Hennessy and Dermot Hayes

Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Worried by rapidly increasing milk and beef policy costs, but constrained by political considerations, the European Community (EC) Council of Agriculture ministers introduced a milk quota regime effective April 1984. The extent to which a quota regime reduces economic efficiency and influences world trade depends upon how it is implemented. The method of implementation is also a major determinant of the policy's effect on world trade. Regulations favorable to production in grass-based dairy regions will, other things being equal, reduce world cereal demand. Regulations favorable to butterfat production may distort world, animal, and vegetable fat markets.

Date: 1994-02
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.card.iastate.edu/products/publications/pdf/94gatt3.pdf Full Text (application/pdf)
https://www.card.iastate.edu/products/publications/synopsis/?p=891 Online Synopsis (text/html)

Related works:
Working Paper: Economic Analysis of the Impact of Changes in the EC's Milk Quota, An (1994)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ias:fpaper:94-gatt3

Access Statistics for this paper

More papers in Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) from Center for Agricultural and Rural Development (CARD) at Iowa State University Contact information at EDIRC.
Bibliographic data for series maintained by ().