Climate variability affects the specialization and portfolio of production and trade in agricultural markets. Previous studies suggest that climate change has a negative impact on economic growth and production patterns, and in particular it significantly alters yields and commodity prices. This...

The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...

The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...

This paper shows that greater global spatial correlation of productivities can increase cross-country welfare dispersion by increasing the correlation between a country's productivity and its gains from trade. We causally validate this general-equilibrium prediction using a global climatic...

Pests create biodiversity effects that increase food production risks and decrease productivity when agricultural production is specialized. Pesticides contain these effects, but damage the environment and human health. When opening to trade, governments are tempted to restrict pesticide use...

The COVID-19 pandemic has severely changed the world economy and jeopardized the implementation of Sustainable Development Goals on a large scale. Progress in meeting the goals of the 2030 Agenda has been significantly disrupted and stalled, undermining previous efforts of governments and...

The article examines the food security implications of the WTO Agreement on Agriculture. It places the Agreement in historical context, examines its key provisions, and argues that the Agreement systematically favors industrialized country agricultural producers at the expense of farmers in...

This article examines the historic and contemporary roots of chronic malnutrition and environmental degradation in the developing world. It chronicles the patterns of trade and production that contribute to this problem from the colonial period until the present, and analyzes the role of...

The increase in global trade has contributed to the integration of domestic economies worldwide into a single global economy. Despite the welfare benefits from global trade, concerns remain regarding the impact of trade on the environment, particularly on global environmental threats like...