McKinney, Joseph A., 1943-Day, David T. (David Thomas), 1987-Baylor University. Dept. of Economics.2010-10-082017-04-072010-10-082017-04-072010-082010-10-08http://hdl.handle.net/2104/8025Includes bibliographical references (p. ).Brazil's World Trade Organization dispute concerning the United States' cotton subsidy programs has many implications for the agricultural and trade policies of the U.S and developing countries, and for the WTO's role in settling trade disputes. Development of a condensed form econometric model of the world cotton price tests the accuracy of Brazil's claims and provides a measure of the impact of U.S. cotton subsidy programs. When using level values the model estimates that as U.S. subsidy payments increase by $1 Million the world price of cotton decreases by 0.01 cents. When using log values of the variables, a one percent increase in U.S. subsidy payments corresponds with a 0.27 percent decrease in the world cotton price. Numerous policy approaches exist for all parties based on the model's results, the historical and political background of the U.S. cotton industry, the WTO ruling, and the settlement between the U.S. and Brazil.624278 bytes478039 bytesapplication/pdfapplication/pdfen-USBaylor University theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. Contact librarywebmaster@baylor.edu for inquiries about permission.International economics.Economics.International trade.Cotton subsidies.ThesisWorldwide access.Access changed 3/18/13.