This paper empirically addresses how inflation rates affect China’s private grain stocks.Storable grain is characterized as a capital asset. Farm households would choose either to store grain or to sell grain to get bank deposits. We first build a farm household model in which real interest...

China is the world's largest producer and consumer of food. In the past, China's governmental policy advocated regional self-sufficiency in agricultural production, and it is generally believed that regional self-sufficiency was enforced at high economic cost. However, this changed with the 1979...

Foreign direct investment (FDI) have become a more dominant form of international trade in a more globalized world. This paper investigates the question of whether FDI and trade are substitutes or complements. In the context of a generally applicable model, the focus is on the processed food...

In the policy arena, there is a demand for "trade distortion indicators", but many of the traditional indices are difficult to compute and interpret. Recent developments in the literature have led to a new indicator: the Trade Restrictiveness Index (TRI). This paper analyzes some problems...

Japan is one of the largest importers of wheat in the world, with imports originating from three countries, Australia, Canada, and the United States. Australia, Canada, and Japan all use a government single-desk agency to control wheat trade. Many previous studies on competition in the world...

It has been shown in new trade theory that trade taxes/subsidies may be optimal in the case of oligopolistic markets. This result has relevance for international commodity markets because there is growing evidence of imperfect competition in commodity trade. However, it has also been...