Using dynamic programming, this paper examines effects of farm subsidies on U.S. exports of corn, cotton, rice, and wheat. The six policy simulations described here explore alternative proposals in the current round of the General Agreement on Tariffs and Trade. The analysis leads to two conclusions. First, abolishing domestic subsidies lowers world prices of these crops. Second, imposing tight...

Indonesia is the world’s largest importer of its staple food, rice. This commodity accounts for large shares of both consumers’ budgets and total employment. Since the economic crisis of 1998, rice import policy has become increasingly protectionist and since early 2004, imports have been officially banned. Advocates of this policy have claimed that by raising domestic rice prices it reduces po...

Abstract T he financial crisis in 2007-2008 has turned into the most far-reaching international financial and economic crisis since the Great Depression. Indeed, the crisis-affected Asian countries experienced varying degrees of changes in the exchange rate and prices following an initial shock of sharp depreciation of their currencies in the second half of 1997. Moreover,...

Commodities (rural and non-rural) account for a significant proportion of Australia’s exports. Even though tourism and manufactured exports have grown strongly in recent years, earnings from commodities were around two thirds of total export earnings from goods and services in 1991/92. This was despite the cyclically low level of prices. Furthermore, the volatility of commodity prices is an imp...

The paper examines the impacts of prices, resources, technology, education, public investments, climatic variables and agroecology on Food Availability (FA) from domestic agriculture in Bangladesh using a panel data of 17 regions covering a 61-year period (1948–2008) by utilising a dynamic agricultural supply response framework and Generalised Methods of Moments (GMM) estimator. Results reveale...

Abstract United States (US) sugar policy buffers domestic producers against subsidized and dumped world market resulting in generally higher US prices compared to prices. A fixed-effects panel regression is used estimate factors associated with sugar-containing-product (SCP) retail SCPs are defined by sucrose being a primary ingredient. Explanatory variables the were prices, SCP characteristics...

Many companies on China’s stock markets have traditionall y had separate , restricted classes of shares for domestic residents and foreigners. These shares are identical other than for who can own them, but foreigners have generally paid only about one-quarter the price paid by domestic residents . We argue that the generally higher level (and volatility) of domestic share prices is consisten t...

We dissect the impact of a large and sudden exchange rate appreciation on Swiss border import prices, retail consumer expenditures domestic imported nondurable goods, following removal EUR/CHF floor in January 2015. Cross-sectional variation price changes by currency invoicing carries over to prices allocations, impacting imports competing as well expenditures. provide measures sensitivity shar...