We present a Bayesian structural Vector Autoregressive model of the global wheat market to examine the relative importance of supply and demand shocks, which are interpreted as the fundamental driving forces of wheat price. To our knowledge, this is the first SVAR analysis that jointly considers...

This paper deals with the quantification of GMO regulations on bilateral trade flows. A composite index of the ‘complexity' of such regulations for sixty countries as well as an ‘objective' score for six GMO regulatory sub-dimensions has been developed. Using a gravity model, we show how...