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- Title
THE ROLE OF A PRODUCTION CAPACITY LIMIT IN INTERNATIONAL TRADE POLICY ANALYSIS.
- Authors
Yuqing Zheng; Sassi, Aliya; Muth, Mary; Birur, Dileep; Karns, Shawn; Brophy, Jenna; Bradley, Samantha
- Abstract
The role of a production capacity limit is often ignored in international trade studies, which may be problematic for certain agricultural products and many other products that have close to perfectly inelastic supply in the short run. This study fills this gap by illustrating how to incorporate a production capacity limit into partial equilibrium multi-country trade models. Given that FDA halted shipments of imported orange juice over a fungicide scare in 2012, we illustrate the role of a production capacity limit using orange juice global trade data. Our results show that ignoring production capacity limit might lead to large bias.
- Publication
Journal of Education Research, 2016, Vol 10, Issue 3, p167
- ISSN
1935-052X
- Publication type
Academic Journal