Agricultural trade liberalization in a multi-sector world model
在一个多商品、多国框架下，同时模拟农业和非农业贸易自由化，评估相对价格变化及浮动汇率下收入和汇率调整对农业的影响。
Impacts of agricultural and nonagricultural trade liberalization on agriculture are assessed in a multi-commodity, multi-country framework.By modeling simultaneously all goods sectors of the economy, we evaluate the importance of: (a) relative price changes between sectors, and (b) income and exchange-rate adjustments that follow trade liberalization in a world of floating rates.Specifically, we compare two cases using a static world policy simulation (SWOPSIM) model: agricultural multilateral liberalization and complete multilateral liberalization with floating exchange rates for all countries/regions.In both cases agricultural commodity prices tend to increase, an effect which is more pronounced when currency values adjust.The developing countries, in particular Argentina, Brazil and Mexico, have the most significant advances in agricultural and total production when exchange rates vary.Moreover, the gains from international trade are extended to all countries/regions explicitly specified in the model.