Modelling the Effects of an Abolition of the Eu Sugar Quota on Internal Prices, Production and Imports
نویسندگان
چکیده
We apply a spatial price equilibrium model of the world sugar market to simulate an abolishment of the EU quota system in 2015/16. To overcome the normative nature of the approach, we calibrate the model by attaching a non-linear cost term to each trade flow. This is in some regards similar to positive mathematical programming. We suggest an economic interpretation and an econometric specification of the cost term. Production in the EU increases to almost 16 million tons. Twelve member states increase production, seven reduce it. Preferential imports are significantly reduced. Simulated effects are found to be more pronounced the higher the world market price.
منابع مشابه
The effects of trade sanctions on Iran;s economic Using the Computable General Equilibrium: Focusing on Production and prices
The main objective of this study is to assess the economic impacts of sanctions against Iran. This analysis was performed using the computable general equilibrium (CGE) model with a focus on exports, imports, production, and price levels. After calibrating the CGE model and measuring the values of exogenous parameters and variables, the study assessed the economic impacts of sanctions on Iran’s...
متن کاملImpact of Exchange Rate Shock on Prices of Imports and Exports
This study examines the significant impact of exchange rate shock on prices of Malaysian importsand exports. In methodology, the study adopts vector error correction (VECM) model using monthlydata of nominal exchange rates, money supply, prices of imports and prices of exports covering theperiod of M1:1999 to M12:2006. For further analysis, we adopt an innovation accounting bysimulating varianc...
متن کاملAn Integrated Sustainability Assessment of the Swedish Sugar Production System from a Life-cycle Perspective: 2003-2015
The article presents a sustainability assessment of the beet-to-sugar production system in Sweden from 2003 until 2015. It focuses on the life-cycle phases of beet growing, beet transport and sugar processing. Based on the Swedish sustainable development strategy, eight indicators in environmental and socioeconomic domains based significantly on EU price and production quota changes are assesse...
متن کاملThe Welfare Effects of Rising Imported Food Prices in Iran
Food products account for a significant amount of the Iranian imports. Despite the rising prices of food products over the last two decades, their imports have been increasing too. In this study import demand of the main imported food products is empirically analyzed using Quadratic AIDS. Welfare impacts are measured using compensated variation. The results indicate that all products, except te...
متن کاملEffects of R&D and Technology Imports on Employment: The Case of Iran
Domestic innovations and technology imports play important roles in boosting relative demand for skilled labor force. These factors are in turn influenced by domestic R&D investments and international trade. Using a translog cost function, this paper studies the effect of technology imports and other factors including output level and physical capital stock on the shares of skilled labor force ...
متن کامل