options(device = "RStudioGD")

Sensitivity of economic and environmental consequences to future ag globalization

Target: nc

Implications

• Ghost-share or extensive trade margin

• Base-year update; parameter calibration; taste parameter

• Full future market integration: price convergence...

• Law of one prices; Rational inattention (RI) model

• Deep integration; non-tariff barriers

Revise the introduction of dedicated biomass?

Introducing tariffs?

Protocol

Error issue

absolute error or error square

weighted absolute error...

Do the simulations first...

preference (sw) given theta

price distribution

sw distribution

Ghost share!!!

other sectors; CES;

Tariff or transport cost reduction... vs market integration... Starting 2015: comparative shocks... welfare EV...

Explain Converging rate... or my future trade scenarios

GDP...

Globalization index:

https://kof.ethz.ch/en/forecasts-and-indicators/indicators/kof-globalisation-index.html

2005 Canada rapeseed oversupply!!!