Abstract
The impacts of the former Soviet Union leaving the world wheat market as a consistent net importer are investigated using a modified spatial trade equilibrium model. The simulation results suggest that the former Soviet Union, following Bigman's stochastic trade hypothesis, can have a stabilizing role in the future world wheat economy.
Original language | English |
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Pages (from-to) | 869-878 |
Number of pages | 10 |
Journal | American Journal of Agricultural Economics |
Volume | 78 |
Issue number | 4 |
DOIs | |
State | Published - Nov 1996 |
Keywords
- Former Soviet Union
- Spatial models
- World wheat market