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advice to rely on safety nets and world trade. Despite the limitations of food price stabilization policies, they are … national interest of many countries to adjust trade policies to take advantage of the world market in order to achieve domestic … price stability. When countercyclical trade policies become widespread, the result is a thinner and less reliable world …
Persistent link: https://www.econbiz.de/10010969308
This paper first considers the impact on world food prices of the changes in restrictions on trade in staple foods … during the 2008 world food price crisis. Those changes--reductions in import protection or increases in export restraints …
Persistent link: https://www.econbiz.de/10010969350
This paper evaluates the influence of diverse U.S. agricultural interest groups on the North American Free Trade Agreement (NAFTA). Under NAFTA, licenses and quotas that restricted agricultural trade between Mexico and the United States were converted to tariffs in January 1994 and all tariffs...
Persistent link: https://www.econbiz.de/10005775000
crops of 1.6 million parcels of land in 55 countries around the world. Crucially, this dataset contains information about … output predicted by Ricardo's theory of comparative advantage. Despite all of the real-world considerations from which this …
Persistent link: https://www.econbiz.de/10011227931
Tariffs on agricultural products fell sharply in China both prior to, and as a consequence of, China's accession to the WTO. The paper examines the nature of agricultural trade reform in China since 1981, and finds that protection was quite strongly negative for most commodities, and...
Persistent link: https://www.econbiz.de/10005720171
In early 2003, France actively tried to thwart the plans of the Bush administration to build international support for a war to depose Iraqi ruler Saddam Hussein. In response, calls in the United States for a boycott of French products, wine in particular, rebounded through all forms of media....
Persistent link: https://www.econbiz.de/10005829441
world rather than domestic prices. Producer prices have tended to rise as a share of fob prices as intermediation costs and … in lower world prices. Farmers therefore get a higher share of a lower price. Cocoa is the market where these changes …
Persistent link: https://www.econbiz.de/10005774941
We investigate the extent to which antidumping actions eliminate trade altogether. Using quarterly export data for products involved in U.S. antidumping cases we find that antidumping actions increase the hazard rate by more than fifty percent. We find strong evidence of investigation effects...
Persistent link: https://www.econbiz.de/10010969282
We review a recent body of theoretical work that aims to put numbers on the consequences of globalization. A unifying theme of our survey is methodological. We rely on gravity models and demonstrate how they can be used for counterfactual analysis. We highlight how various economic...
Persistent link: https://www.econbiz.de/10010969334
We quantify the causal effect of foreign investment on total factor productivity (TFP) using a new global firm-level database. Our identification strategy relies on exploiting the difference in the amount of foreign investment by financial and industrial investors and simultaneously controlling...
Persistent link: https://www.econbiz.de/10010969373