- When:
-
Add This Event To Your Monday, November 8, 2010
at 3:30 PM - Where:
- Holland Hall 413,
- Web Link:
- http://www.stolaf.edu/depts/economics/events.htm
- Contact:
- Anthony Becker
Description
Economics Professor Anthony Becker will speak about his research on agricultural subsidies and Argentine corn production.
Agricultural exports provide most of Argentina's foreign exchange and a substantial share (20 percent) of central government revenues through export taxes. However, some large exporting nations, such as the U.S., subsidize crop production or exports, which depresses world prices. How might Argentine production of corn and soy change if these subsidies were eliminated?
In this talk, Becker will present estimates based on a Bayesian vector autoregression of the Argentine agricultural sector. The model predicts that both corn and soy planting would increase, but the effects are tempered by a predicted increase in the export tax levied by the central government.
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