This paper provides the first comprehensive empirical analysis of agricultural trade using a gravity model. The data … set covers bilateral trade in agricultural goods for 152 countries over the periods 1990-93 and 1999-2002. The estimations … support claims that protectionism and distortive subsidies to agriculture remain widespread in more developed nations, which …

This paper provides econometric estimates of trade elasticities for Brazil obtained through cointegration and vector … responsiveness of Brazil's trade flows to the real exchange rate, but (ii) the GDP growth rates targeted by the new government may …

subject to random shocks affecting endowments, the terms of trade, and the real interest rate. Equilibrium stochastic … mimics the Harberger-Laursen-Metzler effect, but cannot account for a countercyclical trade balance, the variability of the … real exchange rate, and the income elasticity of imports. The results also show that the correlation between the trade …

The theoretical literature on trade and foreign direct investment (FDI) indicates that they could be either substitutes … trade and FDI exhibit a complementary relationship. In this paper, we employ a multi-region, multisectoral computable … general equilibrium (CGE) model that incorporates FDI to evaluate the impact of APEC trade and investment liberalization on …

through the growing intensity of trade and investment. …

We analyze trade dynamics following past episodes of financial crises. Using an augmented gravity model and 179 crisis …

drive food demand in the coming decades. Baseline scenarios show food prices for maize, rice, and wheat would significantly … combines comprehensive process-based modeling of agricultural technologies with sophisticated global food demand, supply, and … trade modeling. This approach assesses the yield and food impact through 2050 of a broad range of agricultural technologies …