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The Former Soviet Union and the World Wheat Economy
Author(s) -
Jones James R.,
Li Shuang L.,
Devadoss Stephen,
Fedane Charlotte Jensen
Publication year - 1996
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1243844
Subject(s) - soviet union , economics , world economy , international trade , international economics , economy , economic system , political science , law , politics
The impacts of the former Soviet Union leaving the world wheat market as a consistent net importer are investigated using a modified spatial trade equilibrium model. The simulation results suggest that the former Soviet Union, following Bigman's stochastic trade hypothesis, can have a stabilizing role in the future world wheat economy.