THE INFLUENCE OF THE AGRI‐MONETARY SYSTEM ON AGRICULTURAL TRADE IN THE EC: THE CASE OF SUGAR

S. von Cramon‐Taubadel

Journal of Agricultural Economics, 1990, vol. 41, issue 3, 346-361

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.

Date: 1990
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Persistent link: https://EconPapers.repec.org/RePEc:bla:jageco:v:41:y:1990:i:3:p:346-361

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