IDEAS home Printed from https://ideas.repec.org/p/ags/aaea16/235430.html
   My bibliography  Save this paper

Analyzing Collective Trade Policy Actions in Response to Cyclical Risk in Agricultural Production: The Case of International Wheat

Author

Listed:
  • Lee, Youngjae
  • Kennedy, Lynn

Abstract

This study shows how cyclical risk and collective trade policy actions can cumulatively worsen international food price spikes. By using spatial Computable General Equilibrium (CGE) and Eaton and Kortum’s trade model, this study offers the following conclusions. At first, the cyclical shock in agricultural production might cause agricultural and food price spikes in the international agricultural and food markets. Second, export restrictions and import responses can worsen food price spikes and disrupt trade flows in international agricultural and food markets. Finally, the effect of these collective trade policy actions and resulting food price spikes in international agricultural and food markets do not dissipate even after agricultural production has recovered.

Suggested Citation

  • Lee, Youngjae & Kennedy, Lynn, 2016. "Analyzing Collective Trade Policy Actions in Response to Cyclical Risk in Agricultural Production: The Case of International Wheat," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235430, Agricultural and Applied Economics Association.
  • Handle: RePEc:ags:aaea16:235430
    DOI: 10.22004/ag.econ.235430
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/235430/files/Collective%20Trade%20Policy%20Actions.pdf
    Download Restriction: no

    References listed on IDEAS

    as
    1. Kulyk, Iryna & Herzfeld, Thomas, 2015. "Impediments to wheat export from Ukraine," 2015 International European Forum (144th EAAE Seminar), February 9-13, 2015, Innsbruck-Igls, Austria 206218, International European Forum on System Dynamics and Innovation in Food Networks.
    2. Yu, T. Edward & Tokgoz, Simla & Wailes, Eric & Chavez, Eddie C., 2017. "A quantitative analysis of trade policy responses to higher world agricultural commodity prices:," IFPRI book chapters, in: Bouët, Antoine & Laborde Debucquet, David (ed.),Agriculture, development, and the global trading system: 2000– 2015, chapter 11, International Food Policy Research Institute (IFPRI).
    3. 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.
    4. Tanaka, Tetsuji & Hosoe, Nobuhiro, 2011. "Does agricultural trade liberalization increase risks of supply-side uncertainty?: Effects of productivity shocks and export restrictions on welfare and food supply in Japan," Food Policy, Elsevier, vol. 36(3), pages 368-377, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Agribusiness; Agricultural and Food Policy; Demand and Price Analysis; International Relations/Trade; Productivity Analysis;

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:aaea16:235430. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search). General contact details of provider: http://edirc.repec.org/data/aaeaaea.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.