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The Influence Of The Agri‐Monetary System On Agricultural Trade In The Ec: The Case Of Sugar

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  • S. von Cramon‐Taubadel

Abstract

It is hypothesised that the mechanics of the agri‐monetary system impose shocks on EC agricultural markets which influence the Community's agricultural trade flows. A model illustrating links between agri‐monetary changes and trade flows of sugar is presented. Empirical tests suggest that agri‐monetary changes influence the volume and timing of sugar trade. Hypotheses relating the strength of this influence to self‐sufficiency and other factors specific to Member States are discussed, as are the welfare costs of agri‐monetary trade distortions. Although these welfare costs are unlikely to spark agrimonetary reform, they could be given consideration in the reform made inevitable by the Single European Market.

Suggested Citation

  • S. von Cramon‐Taubadel, 1990. "The Influence Of The Agri‐Monetary System On Agricultural Trade In The Ec: The Case Of Sugar," Journal of Agricultural Economics, Wiley Blackwell, vol. 41(3), pages 346-361, September.
    • Handle: RePEc:bla:jageco:v:41:y:1990:i:3:p:346-361
    DOI: 10.1111/j.1477-9552.1990.tb00651.x
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    1. James J. Heckman, 1976. "The Common Structure of Statistical Models of Truncation, Sample Selection and Limited Dependent Variables and a Simple Estimator for Such Models," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 4, pages 475-492, National Bureau of Economic Research, Inc.
    2. P. M. Schmitz, 1979. "EC price harmonization: A macroeconomic approach," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 6(2), pages 165-190.
    3. Smart, Ian, 1986. "Electricity in Europe: Present status and prospects for the 1990s : by Andrew Holmes Financial Times Business Information,102-108 Clerkenwell Road, London EC1M 5SA, 1985, 136 pp, [UK pound]125," Energy Economics, Elsevier, vol. 8(2), pages 128-129, April.
    4. von Cramon-Taubadel, Stephan, 1989. "The Agri-Monetary System and Agricultural Trade Flows within the EC," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 16(1), pages 37-52.
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    Cited by:

    1. Bureau, Jean-Christophe, et al, 1997. "Quota Mobility in the European Sugar Regime," European Review of Agricultural Economics, Oxford University Press and the European Agricultural and Applied Economics Publications Foundation, vol. 24(1), pages 1-30.

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