Table 1. Top 10 country-level trade shocks for wheat, from 1986 to 2011.
The table reports the volume (ΔEj(τ) in 106 tonnes) and shares of reduction, the period of each crisis, the global variation (ΔEw), and the ranking of the critical exporter j before (t0) and after (t1) the shock. The index Θj(τ) refers to Eq (2).
Country | ΔEj(τ) | % | Years | ΔEw(τ) | Θj(τ) | Ranking t0 → t1 |
---|---|---|---|---|---|---|
USA | -14.9 | -36.32 | 1988 - 1990 | -12.7 | -1.17 | 1 → 1 |
Canada | -11.7 | -50.22 | 1987 - 1989 | -6.3 | -1.83 | 2 → 3 |
USA | -10.6 | -33.02 | 2007 - 2009 | 21.6 | 0.49 | 1 → 1 |
USA | -8.9 | -28.69 | 2004 - 2006 | 5.1 | 1.77 | 1 → 1 |
Ukraine | -8.8 | -68.57 | 2009 - 2011 | 2.3 | 3.76 | 6 → 8 |
Australia | -8.5 | -55.66 | 2006 - 2007 | 1.6 | 5.23 | 4 → 6 |
Australia | -8.4 | -47.34 | 2000 - 2003 | -5.2 | -1.62 | 4 → 4 |
Australia | -7.3 | -44.88 | 1986 - 1988 | 19.2 | 0.38 | 3 → 4 |
Canada | -7.1 | -37.83 | 2000 - 2003 | -5.2 | -1.36 | 2 → 3 |
Ukraine | -6.9 | -80.12 | 2002 - 2003 | -11.1 | -0.63 | 7 → 12 |