Climate variability affects the specialization and portfolio of production and trade in agricultural markets. Previous studies suggest that climate change has a negative impact on economic growth and production patterns, and in particular it significantly alters yields and commodity prices. This...

This paper further builds on the price transmission model framework of existing studies to identify domestic wheat price effects of wheat export controls. We explicitly take the fact into account that a harvest failure causes domestic price effects as well. Moreover, the analysis at the regional...

This study investigates whether agricultural policy reforms could help cushion the impacts of climate change on agriculture by facilitating the relocation of production and international trade. The agricultural sector faces immense challenges in ensuring the provision of food, farm incomes,...

The purpose of this study is to measure the sensitivity of trade volumes and unit values to agricultural productivity shocks at home and abroad. We find that the unit values of trade flows vary systematically with production shocks using both aggregate data on a large sample of countries and...

The purpose of this study is to measure the sensitivity of traded quantities and trade unit values to agricultural production shocks. We develop a general equilibrium model of trade in which production shocks in exporting countries affect both traded quantities and trade unit values. The model...