Shocks in Agricultural Markets: Implications for International Trade

Nikolai Mikhailovich Svetlov
Additional contact information
Nikolai Mikhailovich Svetlov: Russian Presidential Academy of National Economy and Public Administration, Moscow, Russia

Russian Foreign Economic Journal, 2025, issue 8, 44-61

Abstract: A computational experiment using a numerical model demonstrates that demand shocks in the Russian dairy and meat markets can significantly influence global prices for these products. Consequently, in the absence of responsive measures by Russia’s trade partners, the burden of these shocks falls not so much on Russians as on the populations of those countries. The study employs an equilibrium model for agricultural markets across Russian regions. Production technologies in the model are represented by non-parametric frontier production functions, while the global market is modeled through multivariate functions of Russian export and import volumes depending on their respective border prices.

Keywords: agriculture; foreign trade policy; import; partial equilibrium; border prices; scenario analysis; computational experiment; sales elasticity on shock magnitude (search for similar items in EconPapers)
JEL-codes: Q13 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
http://repec.vavt.ru/RePEc/alq/rufejo/rfej_2025_08_44-61.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2025_08_44-61

DOI: 10.64545/2072-8042-2025-8-44-61

Access Statistics for this article

More articles in Russian Foreign Economic Journal from Russian Foreign Trade Academy Ministry of economic development of the Russian Federation Contact information at EDIRC.
Bibliographic data for series maintained by Irina Katolik ().