MODELING WORLD PEANUT PRODUCT MARKETS: A TOOL FOR AGRICULTURAL TRADE POLICY ANALYSIS

John C. Beghin and Holger Matthey

No 18618, Hebrew University of Jerusalem Archive from Hebrew University of Jerusalem

Abstract: This paper presents a new partial-equilibrium, multi-market international model developed to analyze policies affecting peanut products markets. The model covers four goods (food-quality peanuts, crush-quality peanuts, peanut oil, and groundnut cake) in 13 countries/regions (Argentina, Canada, China, the EU-15, the Gambia, India, Malawi, Mexico, Nigeria, Senegal, South Africa, the United States, and Rest of World). Welfare is evaluated by looking at consumers' equivalent variation, quasi-profits in farming (peanut farming, livestock), quasi-profits in crushing, and taxpayers' revenues and outlays implied by distortions. We calibrate the model for three recent years (1999/2000, 2000/01, and 2001/02) on historical data. We illustrate the model's applicability with a peanut trade liberalization scenario. The impact of the reform scenario is measured in deviation from the historical baseline and by averaging the three estimates of annual impacts.

Keywords: Agricultural and Food Policy; Crop Production/Industries (search for similar items in EconPapers)
Pages: 28
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:hebarc:18618

DOI: 10.22004/ag.econ.18618

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