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Quantifying the impact of Russia–Ukraine crisis on food security and trade pattern: evidence from a structural general equilibrium trade model

Fan Feng (Business School, Renmin University of China, Beijing, China)
Ningyuan Jia (Centre for Economic Performance, London School of Economics, London, UK)
Faqin Lin (College of Economics and Management, Academy of Global Food Economics and Policy, China Agricultural University, Beijing, China)

China Agricultural Economic Review

ISSN: 1756-137X

Article publication date: 5 January 2023

47

Abstract

Purpose

Considering the importance of Russia and Ukraine in agriculture, the authors quantify the potential impact of the Russia–Ukraine conflict on food output, trade, prices and food security for the world.

Design/methodology/approach

The authors mainly use the quantitative and structural multi-country and multi-sector general equilibrium trade model to analyze the potential impacts of the conflict on the global food trade pattern and security.

Findings

First, the authors found that the conflict would lead to soaring agricultural prices, decreasing trade volume and severe food insecurity especially for countries that rely heavily on grain imports from Ukraine and Russia, such as Egypt and Turkey. Second, major production countries such as the United States and Canada may even benefit from the conflict. Third, restrictions on upstream energy and fertilizer will amplify the negative effects of food insecurity.

Originality/value

This study analyzed the effect of Russia–Ukraine conflict on global food security based on sector linkages and the quantitative general equilibrium trade framework. With a clearer demonstration of the influence about the inherent mechanism based on fewer parameters compared with traditional Global Trade Analysis Project (GTAP) models, the authors showed integrated impacts of the conflict on food output, trade, prices and welfare across sectors and countries.

Keywords

Acknowledgements

Faqin Lin appreciates financial support from the National Natural Science Foundation of China (72261147471, 72073128 and 72061147002), and the major program of the National Social Science Fund of China (Research on the policy and mechanism of South-South agricultural cooperation to promote food security in China: 22&ZD086).

Citation

Feng, F., Jia, N. and Lin, F. (2023), "Quantifying the impact of Russia–Ukraine crisis on food security and trade pattern: evidence from a structural general equilibrium trade model", China Agricultural Economic Review, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/CAER-07-2022-0156

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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