This study decomposes the bilateral trade flows using a three-dimensional panel data model. Under the scenario that all three dimensions diverge to infinity, we pro- pose an estimation approach to identify the number of global shocks and country- specific shocks sequentially, and establish the...

There is a scientific consensus that global climate change is already impacting on yields of major staple food crops such as rice, wheat, and soybeans, and this situation will progressively worsen posing severe dangers to global food security. The impact on crop yields of climate change may be...