Agricultural trade liberalization: Cross-commodity and cross-country impact products

William H. Meyers, S. Devadoss, Michael D. Helmar

Research output: Contribution to journalArticlepeer-review

6 Scopus citations

Abstract

The results of single and multicommodity models are compared to evaluate the importance of multicommodity modeling in policy analysis. The analysis was conducted using wheat, feed grains, and soybean supply and demand models, which incorporate trade and price transmission relationships between major trading regions. Results of an exogenous yield stock indicate that price (export) impacts are generally higher (lower), and implied U.S. export elasticities are lower in cross-commodity than in single-commodity analysis. Trade liberalization impacts are generally, but not always, similar in direction in single and cross-commodity analyses, although magnitudes of impacts differ.

Original languageEnglish
Pages (from-to)455-482
Number of pages28
JournalJournal of Policy Modeling
Volume9
Issue number3
DOIs
StatePublished - 1987

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