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International trade in a differentiated good: Trade elasticities in the world rice market

Author

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  • Mercedita C. Agcaoili‐Sombilla
  • Mark W. Rosegrant

Abstract

In many previous rice trade models, the commodity has been regarded as a homogeneous product. However, homogeneity is not an appropriate assumption, given the various types of rice that are traded and consumed. Parameters estimated from these models, therefore, do not reflect the real world market for rice and, hence, may mislead decision makers who use the results for policy evaluation purposes. This study uses an Armington approach to model the world rice trade as a differential good market and to derive trade elasticity parameters.

Suggested Citation

  • Mercedita C. Agcaoili‐Sombilla & Mark W. Rosegrant, 1994. "International trade in a differentiated good: Trade elasticities in the world rice market," Agricultural Economics, International Association of Agricultural Economists, vol. 10(3), pages 257-267, May.
    • Handle: RePEc:bla:agecon:v:10:y:1994:i:3:p:257-267
    DOI: 10.1111/j.1574-0862.1994.tb00307.x
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    Citations

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    Cited by:

    1. Wailes, Eric J. & Chavez, Eddie C., 2010. "Updated Arkansas Global Rice Model," Staff Papers 94347, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    2. Najibullah Hassanzoy & Shoichi Ito & Hiroshi Isoda & Yuichiro Amekawa, 2016. "A comparison of asymmetric price transmission from global to domestic markets between high and low quality grains: a case of Afghan rice markets," Economics Bulletin, AccessEcon, vol. 36(1), pages 537-552.
    3. Wailes, Eric J. & Chavez, Eddie C., 2011. "2011 Updated Arkansas Global Rice Model," Staff Papers 102650, University of Arkansas, Department of Agricultural Economics and Agribusiness.
    4. Dharmasena, Senarath & Wang, Jing & Rosson, C. Parr III, 2013. "Price Non-Stationary and Import Demand for Milk in China," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 151151, Agricultural and Applied Economics Association.
    5. Hassanzoy, Najibullah & Ito, Shoichi & Isoda, Hiroshi, 2015. "Global To Domestic Price Transmission Between The Segmented Cereals Markets: A Study Of Afghan Rice Markets," International Journal of Food and Agricultural Economics (IJFAEC), Alanya Alaaddin Keykubat University, Department of Economics and Finance, vol. 3(4), pages 1-16, October.
    6. Jonathan I. Dingel & Kyle C. Meng & Solomon M. Hsiang, 2019. "Spatial Correlation, Trade, and Inequality: Evidence from the Global Climate," NBER Working Papers 25447, National Bureau of Economic Research, Inc.
    7. J. M. Gil & B. Dhehibi & M. Ben Kaabia & A. M. Angulo, 2004. "Non-stationarity and the import demand for virgin olive oil in the European Union," Applied Economics, Taylor & Francis Journals, vol. 36(16), pages 1859-1869.
    8. Ito, Shoichi & Rosegrant, Mark W. & Agcaoili-Sombilla, Mercedita C., 1995. "Quality-equivalent and cost adjusted measurement of international competitiveness in Japanese rice markets:," EPTD discussion papers 12, International Food Policy Research Institute (IFPRI).
    9. Keeney, Roman & Beckman, Jayson, 2009. "WTO negotiations on agriculture and the distributional impacts for US rice farm households," Food Policy, Elsevier, vol. 34(1), pages 70-80, February.
    10. Brennan, Donna, 2003. "Price dynamics in the Bangladesh rice market: implications for public intervention," Agricultural Economics, Blackwell, vol. 29(1), pages 15-25, July.

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