| Titre : | Weathering the storm: trade openness and the resilience of agricultural markets under increasing weather extremes (2025) |
| Auteurs : | M. Adenäuer ; C. Frezal ; T. Chatzopoulos |
| Type de document : | Article |
| Dans : | Journal of agricultural economics (vol. 76, n. 2, June 2025) |
| Article en page(s) : | p. 241-250 |
| Langues : | Anglais |
| Langues du résumé : | Anglais |
| Catégories : |
Catégories principales 11 - COMMERCE ; 11.3 - Commerce Extérieur et InternationalThésaurus IAMM COMMERCE INTERNATIONAL ; COMMERCE AGRICOLE ; MARCHE DES PRODUITS DE BASE ; RESILIENCE ; EVENEMENTS METEOROLOGIQUES EXTREMES |
| Résumé : | We analyse how a higher level of trade integration in global agricultural markets can mitigate food-security risks in a world where agro-climatic events increase both in frequency and intensity. By incorporating stochastically simulated crop-yield reductions into a partial-equilibrium model of global agricultural markets, we compare commodity supply, demand and price responses under two alternative trade pathways: a trade-liberalised world and a trade-restricted world. By implementing the same sets of yield reductions (input) on these two pathways and comparing synthesised market outcomes (output), we examine the role of trade as a mechanism for ensuring more resilient agricultural markets. Our findings indicate that trade integration could stabilise food availability and mitigate domestic and world price volatility. While trade policies can play a significant role in mitigating food-security risks in a climate-uncertain future, they must be complemented by broader policies to enhance global resilience and food security. |
| Cote : | Réservé lecteur CIHEAM |
| URL / DOI : | https://doi.org/10.1111/1477-9552.12635 |
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