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World Food Prices after WTO Foundation: Deterministic and Non-deterministic Factors in Production

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Author Info

  • Stefan Meyer

    (Georg-August-University Göttingen)

  • Xiaohua Yu

    (Georg-August-University Göttingen)

Abstract

This paper develops a two-step method to estimate the influence of non-deterministic factors in production on subsequent food prices, and finds that non-deterministic factors of wheat production do significantly affect both wheat and corn prices in the world and, however, those of corn do not.

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File URL: http://www2.vwl.wiso.uni-goettingen.de/courant-papers/CRC-PEG_DP_66.pdf
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Bibliographic Info

Paper provided by Courant Research Centre PEG in its series Courant Research Centre: Poverty, Equity and Growth - Discussion Papers with number 66.

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Date of creation: 08 Feb 2011
Date of revision:
Handle: RePEc:got:gotcrc:066

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Related research

Keywords: Non-Deterministic Factors; World Food Prices; WTO;

This paper has been announced in the following NEP Reports:

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  1. von Braun, Joachim, 2007. "The world food situation: New driving forces and required actions," Food policy reports 18, International Food Policy Research Institute (IFPRI).
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