THE INFLUENCE OF THE AGRI‐MONETARY SYSTEM ON AGRICULTURAL TRADE IN THE EC: THE CASE OF SUGAR
研究了欧共体农业货币体系如何通过机制冲击影响糖的贸易流量，实证表明该体系改变了糖贸易的数量和时机，并讨论了成员国自给率等因素及福利成本。
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.