A statistical method of multi-market welfare analysis applied to Japanese beef policy liberalization

Kyeong Soo Jeong, Philip Garcia, David S. Bullock

Research output: Contribution to journalArticlepeer-review

Abstract

Bootstrap methodology is used to study the statistical properties of changes in welfare from partial and complete beef policy liberalization for interest groups that hold significant sway in Japanese beef industry politics. Results show that marketing groups and pork producers are important interest groups whose welfare levels depend heavily upon beef policy. Calculated confidence intervals for the welfare change measurements show them to be quite reliable.

Original languageEnglish (US)
Pages (from-to)237-256
Number of pages20
JournalJournal of Policy Modeling
Volume25
Issue number3
DOIs
StatePublished - Apr 2003

Keywords

  • Bootstrapping
  • Japanese beef policy
  • Welfare economics

ASJC Scopus subject areas

  • Economics and Econometrics

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