This study views multilateral trade negotiations as a strategic game among nations or regions, including taxpayer, consumer, and producer components. Payoffs are calculated from an intermediate-run international trade model initialized with 1989 data. For the public at large, the Nash...

The Armington procedure (AP) has become increasingly popular in agricultural trade analyses. However, some arguments have arisen concerning the relevance of using the procedure for such analyses. This study examines the assumptions commonly made when using the Armington procedure and suggests...

Time series econometric methods are applied to monthly observational data over the period 1978-1992 on real exchange rates, real corn prices, corn export sales, and corn export shipments for the United States. In-sample fit and out-of-sample forecast results are used to discern whether exchange...

The impacts of the Uruguay Round policy provisions on the world sugar market show that these policies will stabilize the world sugar price at slightly higher levels than in the baseline. Global sugar consumption will increase as a result of the income growth caused by the Uruguay Round. Economic...

In many previous rice trade models, the commodity has been regarded as a homogeneous product. However, homogeneity is not an appropriate assumption, given the various types of rice that are traded and consumed. Parameters estimated from these models, therefore, do not reflect the real world...

The commonly held view that agricultural-exporting developed countries would lose from agricultural growth in less-developed countries (LDCs) is shown to be based on an incomplete argument. It considers only the effects on LDC agricultural supply, or at best only that and the firstround effects...

The recent development of rice policies in Japan are summarized. The impact of the minimum access (MA) import on the supply and demand balance of rice, and the rice diversion areas in the future is also predicted.

The article develops three hypotheses about how policy interventions in major trading nations influence price integration in the world beef market. Simple correlation coefficients, tests for significant differences between coefficients, and Granger causality tests are used to test the...

This article compares the growth-generating power of alternative agricultural development strategies in Madagascar. Projections from a semi-input-output model and a recently developed social accounting matrix suggest that both paddy and export crops stimulate strong linkages with other sectors...

An identified vector-autoregressive model is used to analyze the transmission of external commodity shocks to the Brazilian economy. The effects of the interaction between domestic macroeconomic (monetary and exchange rate) policies and external shocks to agricultural commodity (raw material and...