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August 13, 2026Canadian Journal of Agricultural Economics/Revue canadienne d agroeconomie

EMU and trade: The euro effect on the agricultural sector

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Authors

SESilviano Esteve‐PérezSGSergio Gil‐MartorellSGSalvador Gil‐Pareja

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Overview

Randomized trial examines the impact of the European Monetary Union on agricultural trade, indicating significant benefits.

Key Points

  • This research aims to evaluate how the European Monetary Union impacts trade within the agricultural sector.
  • Uses a structural gravity model to analyze trade effects.
  • Conducts year-by-year and period-by-period analyses of trade data.
  • Performs a counterfactual general equilibrium experiment to assess welfare effects.
  • Finds increased trade between EMU member countries and between EMU and non-EMU countries.
  • Shows that the impact of EMU on trade has grown over time.
  • Reveals a strong welfare-enhancing effect for EMU member nations.

Cite This Study

Esteve‐Pérez et al. (2026) studied this question.

synapsesocial.com/papers/6a7d76312b0e0cff3f63f63chttps://doi.org/10.1111/cjag.70024
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