Modeling World Peanut Product Markets: A Tool for Agricultural Trade Policy Analysis

John Beghin () and Holger Matthey

Center for Agricultural and Rural Development (CARD) Publications from Center for Agricultural and Rural Development (CARD) at Iowa State University

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 trade policy analysis; crush; Doha; groundnut; model; oil; peanuts. (search for similar items in EconPapers)
Date: 2003-05
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Citations: View citations in EconPapers (7)

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Related works:
Working Paper: Modeling World Peanut Product Markets: A Tool for Agricultural Trade Policy Analysis (2003)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:cpaper:03-wp332

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