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Cited by 17Economics of Agriculture and Food MarketsMarket Dynamics and VolatilityAgricultural economics and policies

The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.

Does economic policy uncertainty undermine stability of agricultural imports? Evidence from China

Open access
Zhang, Zhaohua, Brizmohun, Roshini, Li, Gang, Wang, Ping·2022·PLOS ONE
DOI 10.1371/journal.pone.0265279PMC PMC8923469
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Abstract

China is the world’s largest importer of agricultural products. Stability of agricultural imports directly affects domestic food availability, and hence influences national food security. This study is important to gauge effects of uncertainty resulting from global and domestic economic policy changes on the stability component of food security in China. Though many studies have explored the determinants and consequences of Chinese agricultural trade, research focusing on stability of agricultural imports is lacking. To fill the gap, this study calculates duration length and survival probability of China’s agri-food imports, and estimates effects of economic policy uncertainty (EPU) on the stability. Results show that trade duration of the agri-food imports is 12.07 months in China. However, 51.69% of disrupted trade relationships would resume after 2 months and 92.68% of temporarily interrupted trade relationships return to the market after 12 months. Empirical estimations show that global EPU has a larger impact on the stability of agricultural imports than Chinese EPU. Although Chinese EPU has heterogeneous effects on imports of different agri-food products in China, global EPU does not. Stabilized domestic food price and improved domestic agricultural productivity would improve stability of the imports significantly. The study concludes that China’s agricultural imports are less dynamic than previous studies claimed. However, EPU significantly erodes the trade stability. To offset negative effects of EPU on the stability, government should pay more attention on stabilizing domestic food price volatility and increasing food productivity, and therefore improve food security in China.

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Crossref · 10.1371/journal.pone.0265279

Cites

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Statistics

Figures

Fig 1 Distribution of trade spells. Data Source: Authors’ calculation.
Fig 1 Distribution of trade spells. Data Source: Authors’ calculation.CC BY · PubMed Central
Fig 2 Kaplan-Meier estimator for agri-food products.
Fig 2 Kaplan-Meier estimator for agri-food products.CC BY · PubMed Central

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Citations

Cites

Research works printed but not linked: 3

  1. D Altig, 2020, Economic uncertainty in the wake of the COVID-19 pandemic, VoxEU org, 24
  2. A Idris, 2020, The Export Survival of Malaysia’s Processed Food, International Journal of Economics & Management, 14
  3. R Baldwin, 2021, Trade conflict in the age of Covid-19, VoxEU org

Cited by

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Metadata

Authors
Zhang, Z., Brizmohun, R., Li, G., & Wang, P.
Affiliations
  • Shandong Agricultural University (CN)
  • University of Mauritius (MU)
  • Huazhong University of Science and Technology (CN)
  • Zhongnan University of Economics and Law (CN)
Corresponding author
Wang, Ping
ORCID
Venue
PLOS ONE
Publisher
Public Library of Science (PLoS)
Published
2022-03-15
Volume
17
Issue
3
Pages
e0265279
ISSN
1932-6203 (ISSN-L)
DOI
10.1371/journal.pone.0265279
PMC
PMC8923469
OpenAlex
W4221039378
Cited by
17
References
45
Citations by year
2026: 2 · 2025: 5 · 2024: 6 · 2023: 3 · 2022: 1
FWCI
3.02
Type
journal article
Language
en
Open access
Licence
Locations
  • PLoS ONE (publishedVersion, cc-by)
  • PubMed Central (publishedVersion, cc-by)
  • PubMed (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
  • DOAJ (DOAJ: Directory of Open Access Journals) (submittedVersion, cc-by-sa)
Funders
Fundamental Research Funds for the Central Universities (31512110805)
Topics
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economics of Agriculture and Food Markets
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Market Dynamics and Volatility
  • Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Agricultural economics and policies
Keywords
economic policy uncertainty, agricultural imports, trade stability, food security, China, agri-food trade, trade disruption, domestic food prices, agricultural productivity, global uncertainty
MeSH terms
Agriculture, China, Uncertainty, Economic Development

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