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The economic effects of export restrictions imposed by major grain producers

Author

Listed:
  • Liangliang Zhai

    (Department of International Trade, School of International Trade and Economics, Shandong University of Finance and Economics, Jinan, P.R. China)

  • Shilin Yuan

    (Master Program of Business Administration, Graduate School of Business, Faculty of Economics and Business, University of Amsterdam, Amsterdam, the Netherlands)

  • Yujing Feng

    (Department of Taxation, Institute of Finance and Public Management, Anhui University of Finance and Economics, Bengbu, P.R. China)

Abstract

This paper uses the global trade analysis project (GTAP) to evaluate the impact of grain export restrictions on world food security during the COVID-19 epidemic. The study found that export restrictions distort world market prices, which in turn distort consumption and production, harm the interests of consumers and farmers in some countries, and threaten food security. In this regard, maintaining the convenience of the food trade is the wise choice of all countries. It is necessary to tighten the World Trade Organization (WTO) disciplines related to export restrictions, strengthen global food security governance and jointly build a community with a shared future for mankind.

Suggested Citation

  • Liangliang Zhai & Shilin Yuan & Yujing Feng, 2022. "The economic effects of export restrictions imposed by major grain producers," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 68(1), pages 11-19.
    • Handle: RePEc:caa:jnlage:v:68:y:2022:i:1:id:329-2021-agricecon
    DOI: 10.17221/329/2021-AGRICECON
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    References listed on IDEAS

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    1. Will Martin & Kym Anderson, 2012. "Export Restrictions and Price Insulation During Commodity Price Booms," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 422-427.
    2. Headey, Derek, 2011. "Rethinking the global food crisis: The role of trade shocks," Food Policy, Elsevier, vol. 36(2), pages 136-146, April.
    3. Hertel, Thomas, 1997. "Global Trade Analysis: Modeling and applications," GTAP Books, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University, number 7685, December.
    4. William M. Liefert & Paul Westcott & John Wainio, 2012. "Alternative Policies to Agricultural Export Bans that are Less Market-Distorting," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(2), pages 435-441.
    5. Gotz, Linde & Qiu, Feng & Gervais, Jean-Philippe & Glauben, Thomas, 2012. "Export Restrictions And Multiple Spatial Price Equilibria When International Prices Spike: Export Quotas For Wheat In Ukraine," 2012: New Rules of Trade? December 2012, San Diego, California 143179, International Agricultural Trade Research Consortium.
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    Cited by:

    1. Gu, Rongrong & Guo, Ji & Huang, Yuxiang & Wu, Xianhua, 2023. "Impact of the EU carbon border adjustment mechanism on economic growth and resources supply in the BASIC countries," Resources Policy, Elsevier, vol. 85(PB).

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