INTERNATIONAL SOYBEAN MARKET: MODELLING THE EFFECTS OF TRANSACTION COSTS AND TRADE BARRIERS

• Autor(a) principal: Caetani, Maria Inês
• Data de Publicação: 2020
• Outros Autores: Alvim, Augusto Mussi
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Análise Econômica (Online)
• Texto Completo: https://seer.ufrgs.br/index.php/AnaliseEconomica/article/view/62501
• topic: barreiras comerciais; custos das transações comerciais; PCM; soja; Q13; Q17; Q18; Trade barriers; Trade transaction costs; Mixed complementarity problem; Soybeans; Q13; Q17; Q18

This paper analyzes the main effects of the costs of trade transactions andtrade barriers on the international soybean market. A partial equilibrium model formulatedas a mixed complementarity problem is used to provide the simulation of alternativescenarios. Three scenarios are defined: in the first, the trade transactions costsare eliminated; in the second, a free trade scenario (no tariff and subsidies); and thethird, it is simulated a demand shock. The results show that the elimination of tradetransaction costs causes an increase in soybean production in Brazil, Argentina andChina and an increase in consumption in the United States, China, UE and the Rest ofWorld. In the free trade scenario, it is observed small changes in terms of production and consumption, reflecting the characteristics of the trade policies adopted by the major producer and consumer countries. The results of the free trade scenario show gains for Brazilian and Argentine producers and present losses for US producers. The demand shock simulation shows that Brazil (exporter) and EU countries (importer) are the only ones that have a greater increase in consumption than in production. Finally, based on the scenarios analyzed, the largest gains for soybean producers are expected for the third scenario, considering the increase in the consumption of soybean and derivatives (meal, oil and biodiesel).