Effects of Trade Policy on Technological Innovation in Agricultural Markets（2017_1_40_017）
With increasing global inter-dependence, a country’s policy may induce technological innovation in its trading partners through international trade. The induced technological innovation, which may be biased as a result of the policy orientation, can have a complex impact on the trading commodity, especially in markets with highly differentiated products. This project studies the impact of a European policy that induced biased technological innovation in the U.S. agricultural industry. Understanding the impact of both trade policy changes and technological innovation in developed countries helps developing countries formulate a strategy for international agricultural trade, which is important in most developing economies. Specifically, the project will investigate the impact of the EU’s decision to lower the Maximal Residual Level (MRL) on apples on the induced technological innovation in the U.S. apple market.
April 2017 - March 2018
Members of the Research Project
- Article submitted to an external academic journal