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Modeling World Peanut Product Markets: A Tool For Agricultural Trade Policy Analysis

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  • Beghin, John C.
  • Matthey, Holger

Abstract

This paper presents a new partial-equilibrium, multi-market international model developed to analyze policies affecting peanut products markets. The model covers four goods (food-quality peanuts, crush-quality peanuts, peanut oil, and groundnut cake) in 13 countries/regions (Argentina, Canada, China, the EU-15, the Gambia, India, Malawi, Mexico, Nigeria, Senegal, South Africa, the United States, and Rest of World). Welfare is evaluated by looking at consumers' equivalent variation, quasi-profits in farming (peanut farming, livestock), quasi-profits in crushing, and taxpayers' revenues and outlays implied by distortions. We calibrate the model for three recent years (1999/2000, 2000/01, and 2001/02) on historical data. We illustrate the model's applicability with a peanut trade liberalization scenario. The impact of the reform scenario is measured in deviation from the historical baseline and by averaging the three estimates of annual impacts.

Suggested Citation

  • Beghin, John C. & Matthey, Holger, 2003. "Modeling World Peanut Product Markets: A Tool For Agricultural Trade Policy Analysis," Hebrew University of Jerusalem Archive 18618, Hebrew University of Jerusalem.
    • Handle: RePEc:ags:hebarc:18618
    DOI: 10.22004/ag.econ.18618
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    References listed on IDEAS

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    1. John Beghin & Jean-Christophe Bureau & Sophie Drogue, 2004. "Calibration of incomplete demand systems in quantitative analysis," Applied Economics, Taylor & Francis Journals, vol. 36(8), pages 839-847.
    2. Ibrahima Hathie & Rigoberto A. Lopez, 2002. "The impact of market reforms on the Senegalese peanut economy," Journal of International Development, John Wiley & Sons, Ltd., vol. 14(5), pages 543-554.
    3. repec:wbk:wbpubs:13920 is not listed on IDEAS
    4. Kherallah, Mylene & Govindan, Kumaresan, 1999. "The Sequencing of Agricultural Market Reforms in Malawi," Journal of African Economies, Centre for the Study of African Economies, vol. 8(2), pages 125-151, July.
    5. Rucker, Randal R & Thurman, Walter N, 1990. "The Economic Effects of Supply Controls: The Simple Analytics of the U.S. Peanut Program," Journal of Law and Economics, University of Chicago Press, vol. 33(2), pages 483-515, October.
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    Cited by:

    1. Qin, Zhiran & Merel, Pierre, 2026. "From Trials to Commercialization: Global Market Effects of China's Genetically Modified Soybean and Corn Policies," 2026 Annual Meeting, July 26 - 28, 2026, Kansas City, Missouri 404675, Agricultural and Applied Economics Association.
    2. Beghin, John C. & Diop, Ndiame & Matthey, Holger & Sewadeh, Mirvat, 2003. "Groundnut Trade Liberalization: A South-South Debate?," Hebrew University of Jerusalem Archive 18329, Hebrew University of Jerusalem.

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