Brazilian Soybean Policy: The International Effects of Intervention
用计量模型模拟1960-78年巴西大豆政策对世界市场的影响，发现干预未达预期目标，反而让美国大豆产业受益。
Abstract This paper examines the effects of the complex set of Brazilian soybean sector policies on the world soybean and products market. Brazilian policy makers have intended to encourage domestic crushing of soybeans and exports of processed rather than raw soybeans. Removal of the Brazilian policy set for the period 1960–78 is simulated with an econometric model of the world soybean market. The results indicate that the intervention objectives were not achieved. Moreover, the U.S. soybean industry has benefited from the policies.