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Impact of China’s Agriculture Policies on Domestic and World Commodity Markets AgEcon
Hansen, James M.; Tuan, Francis C.; Somwaru, Agapi; Seeley, Ralph.
China’s agricultural and trade policies have been shifting despite little change in policy objectives. This paper investigates potential implications of recent agriculture policies applied in China, and quantitatively analyzes their impacts on domestic and international commodity markets. Results from a 42 country partial equilibrium dynamic agricultural simulation model indicate that the effects on international markets are likely to be small with world price impacts of less than one percent. The set of policies partially offset each other in the international market. Results indicate increased returns to farmers and lowering domestic prices to consumers. China’s producers increase production slightly because of increased input subsidies. Exports are...
Tipo: Conference Paper or Presentation Palavras-chave: China; Policy; Trade; Value added tax; Export tax; Subsidies; VAT rebates; Dynamic partial equilibrium simulation model; Agricultural and Food Policy; International Relations/Trade.
Ano: 2009 URL: http://purl.umn.edu/51704
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Modeling Biofuels Expansion in a Changing Global Environment AgEcon
Peters, May; Somwaru, Agapi; Hansen, James M.; Seeley, Ralph; Dirkse, Steve.
This paper examines the impact of declining energy prices on biofuels production and use and its implications to agricultural commodity markets. It uses PEATSim, a dynamic partial equilibrium, multi-commodity, multi-country global trade model of the agriculture sector to analyze the interaction between biofuel, crop and livestock sectors. The ability of countries to achieve their energy goals will be affected by future direction of petroleum prices. A 50 percent decline in petroleum prices (absent of mandates) would result in rapid decline in biofuel use worldwide accompanied by a decline in feedstock and biofuel prices. About a 21 percent decline in U.S. cost of ethanol production is needed to make ethanol competitive with gasoline and to offset the...
Tipo: Conference Paper or Presentation Palavras-chave: Biofuels; PEATSim; Dynamic partial equilibrium model; Energy prices; Environmental Economics and Policy; Resource /Energy Economics and Policy.
Ano: 2009 URL: http://purl.umn.edu/51732
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Nominal and Real Exchange Rate Change by China: Global Impacts on Agricultural Prices AgEcon
MacDonald, Stephen; Seeley, Ralph.
Replaced with revised version of paper 06/15/07.
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/9692
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