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| Mahe, Louis Adrien Pascal; Tavera, Christophe. |
| Agricultural policies in both Europe and the United States provide commodities with an excessively high and distorted pattern of support. The economic interdependencies of the policies give rise to adverse fiscal and economic costs, which are viewed as disharmonies in the existing policy measures both within and between the two regions. Unilateral and simultaneous EC and U.S. policy changes are simulated with an international trade model. They are carried in three steps: (1) grains and feeds, (2) beef and dairy, and (3) sugar. Both cross effects and own effects are examined on typical policy targets. Results suggest that while world prices are sometimes drastically altered, the magnitude of cross effects is small and sometimes ambiguous compared to own... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy; International Relations/Trade. |
| Ano: 1988 |
URL: http://purl.umn.edu/7457 |
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| Benjamin, Catherine; Houee-Bigot, Magalie; Tavera, Christophe. |
| Over the last few years, the prices of the main agricultural raw materials have been highly volatile. The situation is unprecedented, both in the magnitude of the upward and downward volatility observed, and in the number of agricultural commodities affected. Various factors are contributing to these contrasting shifts: the role of emerging countries, changing dietary habits, an increase in energy demand related to the boom in biofuels, adverse weather conditions and speculation. In this paper we try to capture long-term relationships between crop prices and crude oil price using a partial equilibrium and times series method. The study finds little empirical evidence that the crude oil price have a significant influence on the variation of major vegetable... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Partial equilibrium modeling; Forecasting cointegration; Demand and Price Analysis; Q11; Q13; Q42. |
| Ano: 2009 |
URL: http://purl.umn.edu/49436 |
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