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Foreign Trade, Protection, and Multinational Activity in U.S. Food Processing Industries

Published online by Cambridge University Press:  28 April 2015

Emilio Pagoulatos  and
Robert Sorensen
Emilio Pagoulatos
Affiliation:
Food and Resource Economics Department, University of Florida, Gainesville
Robert Sorensen
Affiliation:
University of Missouri-St. Louis
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Extract

The analytical framework of international trade and industrial organization is used to review and test some new hypotheses about the effect of foreign trade, protection, and foreign direct investment on domestic profitability of U.S. food processing industries. Though several studies have examined the relationship between market structure and performance in food processing [7, 10], they are based on an implicit assumption that the economy is closed. The extensive multinational expansion of American food processors, documented by Horst [8], and their growing dependence on foreign trade suggest that this assumption has become untenable and that the proper identification of industrial structure must account for these foreign factors.

Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 11 , Issue 1 , July 1979 , pp. 119 - 125
Copyright
Copyright © Southern Agricultural Economics Association 1979

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