Price elasticities in international food trade: synthetic estimates from a global model
Government intervention, particularly in agricultural commodity markets, is frequently justified on the grounds that it favorably affects the terms of trade. In this paper an established dynamic simulation model of seven food commodity markets is used to provide synthetic estimates of the elasticities of net export demand and import supply on which such justifications rest. Estimates are presented for both the short and long runs, and the effects of market-insulating agricultural policies...[Show more]
|Collections||ANU Research Publications|
|Source:||Journal of Policy Modeling|
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