CARD Working Papers CARD Reports and Working Papers 7-2019 Impacts of Agricultural Price Support Policies on Price Variability and Welfare: Evidence from China’s Soybean Market Wenting Wang Zhejiang University Longbao Wei Zhejiang University Follow this and additional works at: https://lib.dr.iastate.edu/card_workingpapers Part of the Agricultural and Resource Economics Commons Recommended Citation Wang, Wenting and Wei, Longbao, "Impacts of Agricultural Price Support Policies on Price Variability and Welfare: Evidence from China’s Soybean Market" (2019). CARD Working Papers. 602. https://lib.dr.iastate.edu/card_workingpapers/602 This Article is brought to you for free and open access by the CARD Reports and Working Papers at Iowa State University Digital Repository. It has been accepted for inclusion in CARD Working Papers by an authorized administrator of Iowa State University Digital Repository. For more information, please contact
[email protected]. Impacts of Agricultural Price Support Policies on Price Variability and Welfare: Evidence from China’s Soybean Market Abstract As the world’s largest importer of agricultural commodities, China’s agricultural policies have significant implications for the world agricultural market. For the first time, we develop an aggregate structural econometric model of China’s soybean market with linkage to the rest of the world to analyze the worldwide impacts of China’s soybean price support policies from 2008 to 2016. We investigate the impacts of China’s policies on the variability of their domestic