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Price elasticities in international food trade: synthetic estimates from a global model

Tyers, Rod; Anderson, Kym

Description

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]

CollectionsANU Research Publications
Type: Journal article
URI: http://hdl.handle.net/1885/107092
Source: Journal of Policy Modeling
DOI: 10.1016/0161-8938(89)90008-2

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