Impacts of liberalizing trade in the world rice market

A multi-product quadratic programming model is used to investigate impacts of trade liberalization on the world rice market, recognizing product differentiation and allowing substitution among various rice types and qualities. Model simulations predict a large increase in both trade volumes and pric...

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Bibliographic Details
Published in:American journal of agricultural economics 1993-02, Vol.75 (1), p.219-226
Main Authors: Cramer, Gail L., Wailes, Eric J., Shui, Shangnan
Format: Article
Language:English
Subjects:
Agricultural economics
ANALISIS ECONOMICO
ANALYSE ECONOMIQUE
ARROZ
COMERCIO INTERNACIONAL
COMMERCE INTERNATIONAL
COMPORTAMIENTO ECONOMICO
COMPORTEMENT ECONOMIQUE
differentiated products
Economic models
Exporters
F140
Free trade
Grain trade
Importers
Imports
International trade
LIBERALISATION DES ECHANGES
LIBERALIZACION DEL INTERCAMBIO
Liberalization
MARCHE MONDIAL
MERCADOS MUNDIALES
MODELE DE SIMULATION
MODELOS DE SIMULACION
Q170
Rice
RIZ
spatial model
Trade barriers
Trade liberalization
Trade volume
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Summary:A multi-product quadratic programming model is used to investigate impacts of trade liberalization on the world rice market, recognizing product differentiation and allowing substitution among various rice types and qualities. Model simulations predict a large increase in both trade volumes and prices for all rice types and a significant welfare gain for most rice exporters and importers. Japan, South Korea, Philippines, Taiwan, and Brazil would be the major importers. Trade liberalization would increase total U.S. export revenue by 109%. Movement to free trade by Japan has significant effects on world rice trade and on Japanese rice production.
ISSN:0002-9092
1467-8276
DOI:10.2307/1242970