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INTERNATIONAL EFFECTS OF CANADA'S WESTERN GRAIN STABILIZATION PROGRAM AgEcon
Cameron, D. Lynne; Spriggs, John.
Canada's Western Grain Stabilization program is analyzed to determine the extent to which it acts as a buffer between the Canadian grains economy and the international grains economy. A dynamic stochastic simulation model is constructed to examine how Canada's Western Grain Stabilization Program modifies the transmission of: (a) domestic yield variability to the foreign grain market and (b) foreign demand variability to the domestic grains market. With respect to (a), the program was found to aggravate international uncertainty only very slightly while with respect to (b) it was found to substantially reduce domestic uncertainty.
Tipo: Journal Article Palavras-chave: Agricultural and Food Policy; International Relations/Trade.
Ano: 1991 URL: http://purl.umn.edu/32591
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