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This study investigates the causal relationship between the prices of rice, crude oil, wheat, corn and soybean in China … estimates suggest the importance of crude oil price on the formation of rice prices in China. Furthermore, the adjustment speed …
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Biotic factors such as pests create biodiversity effects that increase production risks and decrease land productivity when agriculture becomes more specialized. We show in a Ricardian two-country trade setup that production specialization is incomplete under free trade because of the decrease...
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