Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets
The Uruguay Round Agreement on Agriculture attempted to lower distortions in the global agricultural markets. However, the significant fall in commodity prices in late 1990s may have reduced the incentives for both developed and developing countries to better integrate into the world markets. This s...
| Autores principales: | , , |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2004
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| Acceso en línea: | https://hdl.handle.net/10568/156408 |
| _version_ | 1855523605356478464 |
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| author | Yavapolkul, Navin Gopinath, Munisamy Gulati, Ashok |
| author_browse | Gopinath, Munisamy Gulati, Ashok Yavapolkul, Navin |
| author_facet | Yavapolkul, Navin Gopinath, Munisamy Gulati, Ashok |
| author_sort | Yavapolkul, Navin |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | The Uruguay Round Agreement on Agriculture attempted to lower distortions in the global agricultural markets. However, the significant fall in commodity prices in late 1990s may have reduced the incentives for both developed and developing countries to better integrate into the world markets. This study analyzes price linkages and adjustment between developed and developing countries during the post-Uruguay Round period. Prices of two key commodity markets, long-grain rice and medium-hard wheat, are assembled for major exporters and producers. Results from the multivariate cointegration analysis suggest partial market integration between developed and developing countries in the post-Uruguay Round period. Developed countries are found to be price leaders in these two markets, and in most cases, the changes in their prices have relatively large impacts on those of the developing countries. The new entrants into world markets (Vietnam and Argentina) have faced considerable price adjustment due to changes in the developed countries’ prices. |
| format | Artículo preliminar |
| id | CGSpace156408 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2004 |
| publishDateRange | 2004 |
| publishDateSort | 2004 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1564082025-11-06T06:03:38Z Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets Yavapolkul, Navin Gopinath, Munisamy Gulati, Ashok wheat rice uruguay wto prices commodity markets developing countries developed countries production policies exports The Uruguay Round Agreement on Agriculture attempted to lower distortions in the global agricultural markets. However, the significant fall in commodity prices in late 1990s may have reduced the incentives for both developed and developing countries to better integrate into the world markets. This study analyzes price linkages and adjustment between developed and developing countries during the post-Uruguay Round period. Prices of two key commodity markets, long-grain rice and medium-hard wheat, are assembled for major exporters and producers. Results from the multivariate cointegration analysis suggest partial market integration between developed and developing countries in the post-Uruguay Round period. Developed countries are found to be price leaders in these two markets, and in most cases, the changes in their prices have relatively large impacts on those of the developing countries. The new entrants into world markets (Vietnam and Argentina) have faced considerable price adjustment due to changes in the developed countries’ prices. 2004 2024-10-24T12:44:03Z 2024-10-24T12:44:03Z Working Paper https://hdl.handle.net/10568/156408 en Open Access application/pdf International Food Policy Research Institute Yavapolkul, Navin; Gopinath, Munisamy; Gulati, Ashok. 2004. Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets. MTID Discussion Paper 76. https://hdl.handle.net/10568/156408 |
| spellingShingle | wheat rice uruguay wto prices commodity markets developing countries developed countries production policies exports Yavapolkul, Navin Gopinath, Munisamy Gulati, Ashok Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title | Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title_full | Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title_fullStr | Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title_full_unstemmed | Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title_short | Post-Uruguay Round price linkages between developed and developing countries: the case of rice and wheat markets |
| title_sort | post uruguay round price linkages between developed and developing countries the case of rice and wheat markets |
| topic | wheat rice uruguay wto prices commodity markets developing countries developed countries production policies exports |
| url | https://hdl.handle.net/10568/156408 |
| work_keys_str_mv | AT yavapolkulnavin posturuguayroundpricelinkagesbetweendevelopedanddevelopingcountriesthecaseofriceandwheatmarkets AT gopinathmunisamy posturuguayroundpricelinkagesbetweendevelopedanddevelopingcountriesthecaseofriceandwheatmarkets AT gulatiashok posturuguayroundpricelinkagesbetweendevelopedanddevelopingcountriesthecaseofriceandwheatmarkets |