In this study, the rates of technological change in food processing sectors of U.S. and Mexico are compared through econometric estimation of both the unrestricted (long-run) and restricted (short-run) profit functions with first order autocorrelation correction. Then, the dual rate of productivity growth is computed and decomposed into its sources....
In modern economies, national governments have a wide
range of policies for restricting international trade and
protecting domestic industries at their disposal. The most
popular form of non-tariff trade policies is probably that
of a direct quantitative restriction. This policy takes
two principal forms: explicit import quotas and voluntary
export...