English, Article edition: THE COST OF THE U.S. SUGAR PROGRAM REVISITED John C. Beghin; Barbara El Osta; Jay R. Cherlow; ...

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Bookmark: http://trove.nla.gov.au/version/183950
Physical Description
  • article
Language
  • English

Edition details

Title
  • THE COST OF THE U.S. SUGAR PROGRAM REVISITED
Author
  • John C. Beghin
  • Barbara El Osta
  • Jay R. Cherlow
  • Samarendu Mohanty
Physical Description
  • article
Notes
  • The article analyzes the welfare cost of the U.S. sugar program using a multimarket model of U.S. sweetener markets. The latter includes raw crops, sugar extraction and refining, and sweetener users (food-processing industries and final consumers). The authors address the industrial organization of food industries using sweeteners and treat the United States as a large importer. With the removal of the program, this article estimates (all figures in 1999 dollars) that in 1998 cane growers, sugar beet growers, and processors would have lost $307, $650, and $89 million, respectively; sweetener users would have gained $1.9 billion. World prices would have increased by 13.2%. The deadweight loss of the program is estimated at $532 million. Copyright 2003 Western Economic Association International.
  • RePEc:bla:coecpo:v:21:y:2003:i:1:p:106-116
Language
  • English
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