This paper incorporates commodity stockholding into a short run, stochastic global general equilibrium model. A mix of econometric and calibration techniques are used to reconcile model outcomes with historical stockholding and price behavior. The resulting framework is useful for analyzing...

This study examines whether nonhomothetic preferences underlie the "missing trade" problem associated with factor content of trade models. We first find that per capita income goes a long way in explaining differences in goods consumption across countries. We then find a striking correlation...

Computable General Equilibrium (CGE) models are commonly used for global agricultural market analysis. Concerns are sometimes raised, however, about the quality of their output since key parameters may not be econometrically estimated and little emphasis is generally given to model assessment....

Quantifying how international trade affects poverty in developing countries is currently an area of intense research activity. This paper surveys the developments taking place, identifies four major methodological groupings, and summarizes preliminary findings from this literature. Methodologies...

An important area of research in recent years involves assessing the microeconomic implications of macro-level policies-particularly those related to international trade. While a wide range of research methodologies are available for assessing the microeconomic incidence of micro-policies, as...

We utilize a global trade model to generate distributions of commodity and factor prices based on observed uncertainty in rice production. This is done for three trade policy regimes. We then assess their impact on domestic price variability and the likelihood of marginal households falling into...

The making of projections often requires an economy-wide perspective, and the estimation of consumer demands at the international level. In this paper, an implicit, directly additive demand system (AIDADS) is estimated using cross-country data on consumer expenditures from the International...

The making of projections often requires an economy-wide perspective, and the estimation of consumer demands at the international level. In this paper, an implicit, directly additive demand system (AIDADS) is estimated using cross-country data on consumer expenditures from the International...