Future trend of China's agricultural trade has been a subject of considerable debate. This study revisits the subject from an optimal tariff framework perspective, the first of its kind to take into account the relative political weights and market power in predicting China's agricultural trade. The products under study include wheat, corn, rice, pork, and poultry meat. A trade model is developed based on supply-utilization tables for China. An LA/AIDS model is used to estimate consumption. And a CES nest of demands for poultry meat is used to help explain the substantial two-way trade...
Future trend of China's agricultural trade has been a subject of considerable debate. This study revisits the subject from an optimal tariff framework...