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Since the seminal work of Adam Smith, markets have been considered an efficienttool for co-ordinating the behaviour of economic agents. The basic characteristicof a market economy is that the complex system of interaction amongindividuals is not centrally coordinated. Under the assumption of...

India is the second largest producer of silk and also the largest consumer of silk in the world having a strong tradition bound domestic market. In this paper, growth functions were estimated for India’s aggregate production and trade parameters using annual data from 1984/85 to 2006/07. To...

The relationship between appreciation of the exchange rate and employment is investigated in the period 1980-2008 for the United States. Previous literature has found a negative relationship, studying as channels of transmission the role of exports, substitution of factors of production, terms...

In this paper we inquire why after more than 25 years of domestic agricultural reforms in Mexico and 15 years of trade liberalization of maize under NAFTA –a non-competitive crop and the major staple in Mexico–domestic production of this field crop has increased. We present new empirical...

Global food commodity price inflation beginning in 2006 and continuing through mid-2008 became a priority concern for global consumers, producers and policy-makers alike. In response, many governments across the world implemented policies targeting high food commodity prices in their domestic...

Since the United States imposed antidumping and countervailing duties totaling 14.16 percent on imports of Canadian hard red spring (HRS) wheat, Canadian exports to the United States have nearly stopped. This study examines the impact of the decreased HRS wheat imports from Canada on U.S. wheat...