The path towards a common market requires an alignment of macroeconomic policies. In the case of the MERCOSUL member countries, the observed disparities in the exchange, tax and monetary policies constitute major imbalances and impede future international economic integration. Apart from...

Free trading is considered as index of global economy and factor economic growth in many countries. In this study along with recognition of growth resources, those factors such as surplus value, Labour, capital, energy, government planning and expenditure which playing the main role in economic...

Using a partial equilibrium model of world agriculture, we investigate the multilateral removal of all border taxes and farm programs and their distortion of world agricultural markets. These distortions have significant terms-of-trade effects. World trade is also significantly impacted by both...

This paper brings time series techniques to bear on the relationships between the prices of the principal types of wheat traded internationally. In all, the relationships between eleven wheat prices (categorised by wheat quality, harvest date and port of despatch) are scrutinised to uncover the...

The Uruguay Round of GATT introduced market disciplines to international trade in agricultural commodities. However, in cases where countries negotiated the right to limit market access, support domestic production at high levels and subsidize exports, the spirit of the WTO rules have been...

We seek to contribute to the emerging economic theory on trade, the environment and development. Using panel data across countries, econometric models are estimated to predict the effects of openness on organic water pollutant (BOD) and carbon dioxide (CO2) emissions. Results indicate that freer...

On the basis of the stochastic kernel approach, the paper verifies the agricultural convergence process from 1994-2003 across a sample of 170 EU-15 regions at Nuts2 level classified according to their initial competitive profile through the Kohonen Self-Organizing Maps technique. The results...

After two decades of liberalized economic policies together with early accession to WTO, Sri Lanka could not achieve the exp ected fast economic growth. Agriculture growth in particular fell sharply. WTO Doha round expects a deeper liberalization. Instead, we will benefit more from being a...

Agricultural supply chains are changing globally with pervasive food standards and increased vertical coordination. The impact of these changes for developing countries and for small farmers in those countries is not yet well understood. We analyze the developments in high-standards FFV supply...