World Food Prices after WTO Foundation: Deterministic and Non-deterministic Factors in Production

Stefan Meyer and Xiaohua Yu
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Stefan Meyer: Georg-August-University Göttingen

No 66, Courant Research Centre: Poverty, Equity and Growth - Discussion Papers from Courant Research Centre PEG

Abstract: This paper develops a two-step method to estimate the influence of non-deterministic factors in production on subsequent food prices, and finds that non-deterministic factors of wheat production do significantly affect both wheat and corn prices in the world and, however, those of corn do not.

Keywords: Non-Deterministic Factors; World Food Prices; WTO (search for similar items in EconPapers)
Date: 2011-02-08
New Economics Papers: this item is included in nep-agr and nep-cis
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Persistent link: https://EconPapers.repec.org/RePEc:got:gotcrc:066

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