Consulta: creatorFacets:"Kennedy,   P. Lynn"
Registros recuperados: 53
Data/hora: 13/06/2024 03:31:16

Acreage Decision under Price &amp; Yield Uncertainty
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Brian,   Hilbun.
Tipo: Conference Paper or Presentation
Palavras-chave: Agribusiness; Community/Rural/Urban Development; Crop Production/Industries; Institutional and Behavioral Economics; Production Economics; Risk and Uncertainty.
Ano: 2011
URL: http://purl.umn.edu/103334

Effects of Price and Quality Differences in Source Differentiated Beef on Market Demand
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
In order to estimate demand elasticities of source differentiated beef in South Korea, this study used the quantity of an endogenous demand system derived through maximizing the economic welfare of market participants including local beef consumers and local and foreign beef suppliers. The demand system is then weighted with respect to quality adjustment parameters to identify the effects of quality differences in source differentiated beef on market demand. As implied by the high relative price of locally produced ‘‘Hanwoo’’ beef, substitutability between local and imported beef is shown to be very weak and the own price elasticity of South Korean beef is shown to be inelastic. Related to quality differences between source differentiated beef, South...
Tipo: Journal Article
Palavras-chave: Beef; Quality complement; Quality difference; Quality substitute; Agribusiness; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Livestock Production/Industries; F10; F11; F13.
Ano: 2009
URL: http://purl.umn.edu/48752

Exchange Rate Volatility and Bilateral Agricultural Trade Flows: The Case of the United States and OECD Countries
Provedor de dados: 31
Autores: Kafle,   Kashi R.; Kennedy,   P. Lynn.
This study documents the effect of exchange rate volatility and the real exchange rate on bilateral agricultural exports, imports and total trade (exports + imports) flows between the United States and OECD countries. The effect of exchange rate volatility is estimated both separately from and in combination with the real exchange rate. In addition, implementation of Free Trade Agreements (FTAs) and use of the Euro as a national currency (Euro) are included as dummy variables and their effects on trade flows are also determined. A panel data set, which contains 28 cross-sections and 1148 observations, is used for bilateral trade flows between the United States and OECD countries from 1970 to 2010. With an empirical model based on a gravity equation, the...
Tipo: Presentation
Palavras-chave: Bilateral agricultural trade; Exchange rate volatility; OECD¬ countries; Gravity equation; International Relations/Trade.
Ano: 2012
URL: http://purl.umn.edu/119736

A GAME THEORETIC ANALYSIS OF TURKISH ACCESSION TO A EUROPEAN CUSTOMS UNION
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Atici,   Cemal.
The entrance of additional countries into a European customs union, in this case Turkey, and its impact on agriculture are examined. Results from a trade simulation model are used as components of a Political Preference Function and utilized within a game theoretic framework to identify the optimal strategies for Turkey, the EU, and the U.S. Turkey's best interest, from an agricultural perspective, involves adoption of agreements made in the Uruguay round of GATT as a developing country rather than applying EU protection. Although free trade is not the optimal solution, simulations indicate that the solution does involve the reduction of agricultural protection levels.
Tipo: Journal Article
Palavras-chave: International Relations/Trade.
Ano: 1999
URL: http://purl.umn.edu/31289

STRUCTURAL APPROACH TO ANALYZE THE EFFECTS OF EXHCHANGE RATE ON IMPORT DEMAND
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
The purpose of this study is to determine the impact the exchange rate has on local prices and import demand.
Tipo: Conference Paper or Presentation
Palavras-chave: Exchange rate; Direct and indirect effects; Korean beef market; International Relations/Trade; F10; F11; F13.
Ano: 2010
URL: http://purl.umn.edu/56415

WELFARE EFFECTS OF AGRICULTURAL TRADING BLOCS: THE SIMULATION OF A NORTH AMERICAN CUSTOMS UNION
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Hughes,   Karol W.
Agricultural trade liberalization among the three North American Free Trade Agreement (NAFTA) signatories is modeled using a political preference function. The model distinguishes among Canada, Mexico, the United States, and a politically passive rest of the world. Through the use of intracountry compensation, the analysis shows that, from an agricultural perspective, economic integration is in the best interest of the group as a whole, although not in the best interest of individual countries. More specifically, of the agricultural production sectors, Canadian dairy, Mexican corn, and U.S. beef producers suffer the greatest losses from the formation of North American customs union.
Tipo: Journal Article
Palavras-chave: International Relations/Trade.
Ano: 1998
URL: http://purl.umn.edu/31185

An Empirical Investigation of Interproduct Relationships Between Domestic and Imported Seafood in the U.S.
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
This study seeks to identify interproduct relationships between domestic catfish and a representative selection of imported seafood. In doing so, this study uses multivariate cointegration and structural analyses. Multivariate cointegration analysis suggests that six imported seafood product groupings form a common market with domestic catfish. Structural analysis reveals that 1) domestic and imported catfish are net and gross quantity substitutes; 2) domestic catfish and imported seafood are normal goods; 3) six imported seafood products are identified as gross quantity substitutes for domestic catfish; and 4) according to the derived Allais coefficients, interaction intensities of imported seafood for domestic catfish (from greatest to least) are as...
Tipo: Journal Article
Palavras-chave: Catfish; Multivariate cointegration; Quantity substitutability; Seafood imports; Structural analysis; Agribusiness; Agricultural and Food Policy; Agricultural Finance; Demand and Price Analysis; Environmental Economics and Policy; Financial Economics; Health Economics and Policy; International Relations/Trade; Livestock Production/Industries; Marketing; Political Economy; Production Economics; Productivity Analysis; Public Economics; Research Methods/ Statistical Methods; D12; F10; F11; F13.
Ano: 2010
URL: http://purl.umn.edu/100516

A Determination of the Trade Creation and Diversion Effects of Regional Trade Agreements in the Western Hemisphere
Provedor de dados: 31
Autores: Hilbun,   Brian M.; Kennedy,   P. Lynn; Dufour,   Elizabeth Anne.
With the recent proliferation of Regional Trade Agreements (RTAs) the tendency world-wide has been seemingly toward trade liberalization.  This thesis is primarily concerned with the impacts RTAs have had in the Western Hemisphere regarding agricultural trade flows.  Utilizing the framework of the Gravity Model, agricultural trade flows for 24 Western Hemisphere Nations were examined. In the course of the study it was expected that if RTAs were to have an effect it would be a positive Trade Creation Effect and a negative Trade Diversion Effect with positive effects for GDP of importer/exporter and population size of importer/exporter and a negative effect for that of distance.  Of the five agreements examined (NAFTA, AC, MERCO, LAIA, and CACM), NAFTA and...
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2006
URL: http://purl.umn.edu/21138

The Exchange Rate and Inward Foreign Direct Investment in Mexico
Provedor de dados: 31
Autores: Parajuli,   Shanta; Kennedy,   P. Lynn.
This paper analyzed the exchange rate and inward foreign direct investment (FDI) in Mexico from the 25 developed countries comprising the Organization for Economic Co-operation and Development (OECD). Our empirical result does not support the significant relationship between exchange rate and exchange rate volatility to determine FDI in Mexico. The wages, export, and distance are found to be significant variables to determine FDI in Mexico which is supported by literatures.
Tipo: Conference Paper or Presentation
Palavras-chave: Exchange rate; Foreign direct investment; Mexico; OECD; International Relations/Trade.
Ano: 2010
URL: http://purl.umn.edu/56459

Increasing the United States Tariff-Rate Sugar Quota for Cuba and Mexico: A Partial-Equilibrium Simulation
Provedor de dados: 31
Autores: Petrolia,   Daniel R.; Kennedy,   P. Lynn.
Increases in the United States tariff-rate quota for sugar are simulated to determine the impact of Cuban market access and an increased Mexican allotment.  The effects on both domestic and international sugar markets, including production, consumption, prices and trade, are determined and welfare effects identified.  This analysis is carried out using a partial-equilibrium simplified world trade model,  Modele International Simplifie de Simulation (MISS), which simulates, in a comparative-static framework, the effects of various policy actions.
Tipo: Journal Article
Palavras-chave: Cuba; Mexico; Sugar; Tariff-rate quota; F13; F17; Q17.
Ano: 2003
URL: http://purl.umn.edu/43200

Bilateral Trade and Economic Growth: The Empirical Evidence Between U.S. and South Korea
Provedor de dados: 31
Autores: Kang,   Hyunsoo; Kennedy,   P. Lynn.
This paper analyzes the relationships between bilateral trade and economic growth in the U.S. and Korean economies. Using quarterly data from 1990 to 2008, the theoretical procedures utilize Ordinary Least Square (OLS) and Seemingly Unrelated Regression (SUR) models under the static model assumption, an Impulse Response Function (IRF) and Forecast Error Variation Decomposition (FEVD) under the Vector Autoregressive (VAR) model, and Granger causality tests. Empirical results indicate a causal relationship between bilateral export growth and economic growth for the U.S. and Korean economies. The export-led growth (ELG) hypothesis is strongly supported by the results of Granger causality tests on Korean exports.
Tipo: Journal Article
Palavras-chave: Export-led growth; Bilateral trade; Granger causality; South Korea; United States; International Relations/Trade; Political Economy; Production Economics.
Ano: 2009
URL: http://purl.umn.edu/90684

IMPLICIT PRICE AND DEMAND IN OLIGOPOLISTIC COMPETITION: AN APPLICATION TO THE U.S. TROUT MARKET
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
This study provides an example of how implicit price and demand models can be developed and used for empirical analysis. In particular, empirical application of these models can quantify the impact of implicit economic variables representing preference, relative price, production efficiency, the degree of price sensitivity to quantity supplied, and substitutability on market price and demand for domestic and imported products. Furthermore, the simultaneous impact of these implicit economic variables on market price and demand can be quantified using these implicit price and demand models.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2010
URL: http://purl.umn.edu/60824

Sanitary and Phytosanitary Measures : A Game Theoretic Approach of Comparative Evaluation
Provedor de dados: 31
Autores: Banerjee,   Nandini; Kennedy,   P. Lynn.
This paper tries to assess the impact of Sanitary and Phytosanitary measures in the context of agricultural imports. The WTO induced Sanitary and Phytosanitary (SPS) policy is restrictive and it is affecting severely the exports from developing nations. This paper tries to explore whether there can be conditions under which certain restrictions can be mutually beneficial both for the exporter and the importer. A game theoretic model has been proposed to determine whether the policy in its current form generates mutually beneficial payoffs.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2006
URL: http://purl.umn.edu/35375

Regional Trade Agreements and Implications for US Agriculture: The Case of CAFTA-DR
Provedor de dados: 31
Autores: Paggi,   Mechel S.; Kennedy,   P. Lynn; Yamazaki,   Fumiko; Josling,   Timothy E.
Tipo: Journal Article
Palavras-chave: International Relations/Trade.
Ano: 2005
URL: http://purl.umn.edu/93490

Impact of Corn Based Ethanol Production on the U.S. High Fructose Corn Syrup (HFCS) and Sugar Markets
Provedor de dados: 31
Autores: Marzoughi,   Hassan; Kennedy,   P. Lynn; Hilbun,   Brian M.
The objective of this paper is to determine the impact of ethanol production on the sweetener market in the U.S. It was found that ethanol production has increased corn demand and prices, and therefore, may have a negative impact on HFCS production and increase the demand for sugar.
Tipo: Conference Paper or Presentation
Palavras-chave: Agribusiness; Production Economics.
Ano: 2008
URL: http://purl.umn.edu/6792

Effects of Catfish, Crawfish, and Shrimp Imports on U.S. Domestic Prices
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
Recent increases in imports of catfish, crawfish, and shrimp have caused concern as to their impact on domestic prices.  This study seeks to identify the linkages between imports of these goods and producer prices. Increases in imports of catfish and shrimp are shown to decrease related domestic prices. However, recent trends show a simultaneous increase in both imports and domestic prices of crawfish.
Tipo: Conference Paper or Presentation
Palavras-chave: Resource /Energy Economics and Policy.
Ano: 2005
URL: http://purl.umn.edu/35637

IMPACTS OF GLOBALIZATION ON AGRICULTURAL COMPETITIVENESS: THE CASE OF NAFTA
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Rosson,   C. Parr, III.
Major components of agricultural competitiveness, including definitions, factors, and indicators of competitiveness, are discussed,  The case of the North American Free Trade Agreement (NAFTA) is used to illustrate how factors have influenced the competitive position of the NAFTA countries.  Traditional neoclassical trade theory is used to evaluate the impact of currency exchange rate fluctuations and trade preferences on agricultural competitiveness.  Pre- and post-NAFTA market shares are evaluated for five agricultural commodities of importance to the southern United States.  The results of these evaluations are compared with theoretical expectations and discussed with special emphasis on implications for future trade negotiations.
Tipo: Journal Article
Palavras-chave: Agricultural competitiveness; Exchange rates; International trade; NAFTA; International Relations/Trade; F14; Q17; Q18.
Ano: 2002
URL: http://purl.umn.edu/15477

International Internships in Agribusiness Curricula: A Proposal for Implementation
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Harrison,   R. Wes.
International internships complement classroom instruction in preparing students for careers in the agribusiness industry. For experiential learning to be an integral part of agribusiness management training, the student, industry and educational institution must each play a role in the design and implementation of the program. This paper discusses issues pertaining to the development and implementation of international internships and emphasizes the interrelationships between agribusiness students, industry and educators.
Tipo: Journal Article
Palavras-chave: Experiential learning; International internships; Agribusiness; Internship plan; Agribusiness; Teaching/Communication/Extension/Profession.
Ano: 1996
URL: http://purl.umn.edu/90395

A DYNAMIC IMPORT DEMAND ANALYSIS OF HONDURAN COFFEE
Provedor de dados: 31
Autores: Andino,   Jose; Kennedy,   P. Lynn.
The responsiveness of import demand for Honduran coffee to changing economic environments in its main trading partners was studied.  Estimation included Johansen cointegration analysis and VAR models with Monte Carlo simulated error bands.  Results indicate a significant response of Honduran coffee sales to changes in importers' incomes and import prices.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2004
URL: http://purl.umn.edu/34734

An Analysis of Latin American Peanut Trade
Provedor de dados: 31
Autores: Lee,   Dae-Seob; Kennedy,   P. Lynn; Fletcher,   Stanley M.
The U.S. export share in the world peanut market has decreased due to heavy competition.  In this paper, the Latin American peanut industry is modeled using seemingly unrelated regression (SUR).  Based on these estimations, a scenario analysis was conducted.  The results show that the Latin American demand is not affected dramatically by either domestic of world price shocks.  The effects of price changes on net trade are noticeable.  However, the world price does not significantly affect the Latin American peanut supply.  The results imply that Latin American peanut farmers are more sensitive to changes in domestic prices than world price changes.
Tipo: Journal Article
Palavras-chave: Agricultural trade; Latin America; Peanuts; Scenario analysis; SUR; Demand and Price Analysis; International Relations/Trade; Q11; Q17.
Ano: 2006
URL: http://purl.umn.edu/43744

The Impact of Central American Free Trade Area (CAFTA) on the United States sugar market
Provedor de dados: 31
Autores: Marzoughi,   Hassan; Kennedy,   P. Lynn.
This paper tries to estimate the impact of establishment of CAFTA on the United States sugar market. We use the United States sugar demand elasticity and the amount of increase in the U.S. sugar import quota under CAFTA agreement to estimate the magnitude of this effect. This study shows that these increased imports will result in a decrease in the U.S. domestic sugar price of about 1.7 cents, or approximately 8.6 percent.  Although it amounts to only pennies per pound, this decrease in the domestic price could result in the incursion of significant U.S. government expenditures given the current structure of the U.S. non-recourse loan program.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2006
URL: http://purl.umn.edu/35439

Demand behavior of U.S. high fructose corn syrup (HFCS) and its implication for the U.S. sweetener market: a cointegration analysis
Provedor de dados: 31
Autores: Lee,   Dae-Seob; Kennedy,   P. Lynn.
This paper investigates the relationship between U.S. HFCS demand and refined sugar price. A cointegration analysis is utilized to investigate possible linkages between these markets. The coefficients on the ECM have the expected signs, and they measure adjustments towards long-run equilibrium. The study result also shows that there is cointegration in a relationship including, HFCS price, the refined sugar price, and income. the increase in HFCS demand would affect primarily the quantity of sugar imports negatively. However, this study does not necessarily support such a conclusion due to the exclusion of noneconomic factors such as change in consumer preference and health concern.
Tipo: Conference Paper or Presentation
Palavras-chave: Demand and Price Analysis.
Ano: 2005
URL: http://purl.umn.edu/19564

A SECTORAL ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Atici,   Cemal.
Complete agricultural trade liberalization between the United States and the European Union is examined with respect to the agricultural sector.  A static, partial equilibrium model, distinguishing among the European Union, the United States, and a politically passive rest of the world, is used to simulate agricultural free trade.  The results of this research reveal how European Union and United States adoption of free trade affects domestic and world prices, production, consumption, self-sufficiency, and welfare.
Tipo: Journal Article
Palavras-chave: Agricultural policy; European Union; Trade liberalization; United States; International Relations/Trade.
Ano: 1998
URL: http://purl.umn.edu/15559

STRUCTURE AND CONDUCT OF THE WORLD RICE MARKET
Provedor de dados: 31
Autores: Kang,   Hyunsoo; Kennedy,   P. Lynn; Hilbun,   Brian M.
The purpose of this paper is to analyze the world rice market through a Structure-Conduct-Performance (SCP) framework utilizing annual data from 1970 to 2007. Since World War Two, the world rice market has been very unstable, with rice prices experiencing volatile swings in both rice price and rice availability. Therefore, a SCP framework can provide crucial insight into the world rice market for policy makers. Also, this paper describes the effects of total production, export rice price, and real exchange rate for exporting countries on total export volume from an export supply model standpoint. On the basis of these results, it is evident that market power exists in the international rice market with respect to supply elasticity and an exporting...
Tipo: Conference Paper or Presentation
Palavras-chave: S-C-P paradigm; World rice market; Concentration ratio; HHI; Export rice price; Exchange rate export supply function; Industrial Organization; International Relations/Trade.
Ano: 2008
URL: http://purl.umn.edu/46080

The Impact of Microeconomic Structure Adjustment and Macroeconomic Variables under NAFTA on U.S. Agriculture
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Brian,   Hilbun.
Tipo: Conference Paper or Presentation
Palavras-chave: Agribusiness; International Relations/Trade.
Ano: 2011
URL: http://purl.umn.edu/103331

THE RELATIONSHIPS OF TRADE, ECONOMIC GROWTH, AND MARKET POWER: THE CASE OF RICE EXPORTING
Provedor de dados: 31
Autores: Kang,   Hyunsoo; Kennedy,   P. Lynn; Hilbun,   Brian M.
This paper aims to (1) analyze the relationship between rice exports and economic growth for the world’s top four exporting countries (Thailand, Vietnam, India, and the U.S) and (2) seek to determine to what extent market power affects a country’s economic growth. The main objective of this paper is to determine to what extent economic growth impacts a country’s rice exports as well as to what extent Foreign Direct Investment (FDI) impacts a country’s ability to export rice. This analysis also examines the impact of market power on economic growth. On the basis of these results, we examine the existence of market power in the international rice market with respect to rice supply, and moreover, propose that there is a bi-directional causality between the...
Tipo: Conference Paper or Presentation
Palavras-chave: Rice export; CR4; GDP; FDI; Market power; Trade; Export supply function; Community/Rural/Urban Development; International Relations/Trade.
Ano: 2008
URL: http://purl.umn.edu/46081

EXPORT BEHAVIOR OF LOUISIANA AGRIBUSINESS FIRMS
Provedor de dados: 31
Autores: Hughes,   Karol W.; Kennedy,   P. Lynn; Ortego,   Albert.
The United States is a party to several trading blocks, including the North American Free Trade Agreement, and is a signatory to the General Agreement on Tariffs and Trade.  The impact of the new trading environment on the agribusiness sector depends on the business activities of individual firms. A survey of agribusiness firms was undertaken to gather information on their exporting experience and plans.  The responses of exporters and non-exporters are presented. The likelihood of exporting increased with the size of a firm, both in terms of employee numbers an annual sales.  The survey showed that for the majority of firms, exports accounted for less than 10% of total sales and that only a small number of companies had used government programs intended...
Tipo: Working or Discussion Paper
Palavras-chave: International Relations/Trade; Agribusiness.
Ano: 1996
URL: http://purl.umn.edu/31673

Firm Strategy and Foreign Direct Investment: An Examination of the Economic Performance of U.S. Multinational Firms
Provedor de dados: 31
Autores: Garcia-Fuentes,   Pablo A.; Kennedy,   P. Lynn.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade; Production Economics.
Ano: 2010
URL: http://purl.umn.edu/61803

Creole Coffee
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Roule,   Elizabeth D.
Creolé Coffee had just started to achieve regional and national success. However,recent volatility in the world coffee market resulted not only in price instabilities, but also created difficulty in procuring the high-quality product customers had grown to expect from Creolé. In examining this situation, Jim Brewer determined that the company must adapt their relationships with producers to ensure the availability of the quality and quantity of coffee needed to produce the premium blends consumers now associate with Creolé. In turn this would allow the company to provide consumers with a high quality product at a stable price.
Tipo: Journal Article
Palavras-chave: Vertical coordination; Strategic alliances; Risk management; International trade; Commodity procurement.; Agribusiness; International Relations/Trade.
Ano: 2004
URL: http://purl.umn.edu/8119

DOMESTIC SUPPORT: ISSUES AND OPTIONS IN THE AGRICULTURAL NEGOTIATIONS
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Brink,   Lars; Dyck,   John H.; MacLaren,   Donald.
Tipo: Report
Palavras-chave: International Relations/Trade.
Ano: 2001
URL: http://purl.umn.edu/14622

NORTH KOREAN FOOD SUPPLY AND DEMAND: AN ECONOMETRIC ANALYSIS
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
This study simulates North Korean food supply and demand using an econometric regression based upon neo-classical economic theory. In doing so, this study at first describes the autarky condition that exists in the closed economy of North Korea and the relationship between pro-military oriented economic policy and deficiency in the dietary needs required by the average North Korean. This study then quantifies the impact agricultural resources and policy have had on the production of food for the sample period of 1995 to 2008. Results show that food production decreases along with a decrease in agricultural input factors and with the implementation of a more pro-military oriented economic policy. Finally, this study simulates ex ante food balance. In order...
Tipo: Conference Paper or Presentation
Palavras-chave: Political Economy.
Ano: 2010
URL: http://purl.umn.edu/60823

ANALYZING AGRIBUSINESS COMPETITIVENESS: THE CASE OF THE UNITED STATES SUGAR INDUSTRY
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Harrison,   R. Wes; Piedra,   Mario A.
The U.S. sugar industry has historically been insulated from volatilities in the world sugar market through the use of an import quota.  Recent occurrences in the international agricultural policy arena have brought the need to examine the competitiveness of the United States sugar industry to the fore.  Developments with respect to international agricultural policies, combined with a restructuring of United States domestic agricultural policy will undoubtedly reshape the environment in which the U.S. Sugar industry operates.  This paper seeks to answer how the various regions and sectors will be able to compete in the world market.  This paper starts by outlining an analytical framework to examine the impact of various sources that influence...
Tipo: Journal Article
Palavras-chave: Agribusiness.
Ano: 1998
URL: http://purl.umn.edu/34436

A Demand System Analysis of the U.S. Trout Market
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
The objective of this study is to analyze how imported trout affects the domestic U.S. trout industry.
Tipo: Conference Paper or Presentation
Palavras-chave: Trout; Demand System; Import; International Relations/Trade; F10; F11; F13.
Ano: 2010
URL: http://purl.umn.edu/56414

AN ANALYSIS AS TO THE CAUSAL RELATIONSHIP BETWEEN BIOETHANOL EXPANSION AND AGRICULTURAL CROP ACREAGE ALLOCATION IN THE UNITED STATES
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
This study analyzes the historical price response of individual crop acreage in order to determine the impacts of an expansionist policy in bioethanol production on the U.S. agricultural industry. In doing this, this study provides an economic foundation by using a traditional Rotterdam model to simulate a cropland demand system. Within the developed framework,  this study estimates own and cross acreage elasticities and scale elasticities to show the impacts of acreage values on crop production and the relationship between total cropland and individual crop acreage. This study found that rice farming is most inelastic to own acreage value. Soybeans, hay, and wheat are shown to be good substitute crops for corn. Corn, soybeans, hay, wheat, cotton, barley,...
Tipo: Conference Paper or Presentation
Palavras-chave: Bioethanol; Acreage value; Rotterdam model; Own acreage elasticity; Cross acreage elasticity; Scale elasticity; Crop Production/Industries; Resource /Energy Economics and Policy.
Ano: 2008
URL: http://purl.umn.edu/6343

Demand System Analysis of the South Korean Beef Market with the Free Trade Demand Model
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
In this study a demand system analysis for beef in South Korea is constructed. A free trade demand system was used in which the economic welfare of market participants are maximized. Recognizing implicit discrimination about non-locally sourced beef products, this study deduces market demand equations with respect to consumer preference in order to identify the marginal effect of change consumer preference has on market demand.
Tipo: Conference Paper or Presentation
Palavras-chave: Demand and Price Analysis; International Relations/Trade; Research Methods/ Statistical Methods.
Ano: 2008
URL: http://purl.umn.edu/6825

MEASUREMENT OF SUBSTITUTABILITY BETWEEN U.S. DOMESTIC CATFISH AND IMPORTED FISH
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
This study examines p-interdependence and quantifies q-substitutability between domestic catfish and different species of imported fish in the U.S. fish market. In doing so, this study uses cointegration analyses for p-interdependence and structural analyses for q-substitutability. Cointegration analysis identifies the long run price equilibria between U.S. domestic catfish and different species of imported fish. The structural analyses show a degree of q-substitutability.
Tipo: Conference Paper or Presentation
Palavras-chave: Cointegration; Structural analyses; Fish; Imports; P-interdependence; And             q-substitutability; International Relations/Trade.
Ano: 2009
URL: http://purl.umn.edu/46782

Empirical Evidences from a Coffee Paradox: An Export Supply/Price Asymmetry Approach
Provedor de dados: 31
Autores: Kang,   Hyunsoo; Kennedy,   P. Lynn.
This paper aims to determine the solidity of the notion of the "coffee paradox" using annual data from 1977 to 2007. In the confines of an export supply model, we analyze the effects of export coffee price on export volume. Price and profit equation are used to determine the effects of market power on export coffee price and measure changes in the retail and export price. We also estimate the elasticity of transmission and price asymmetry as a means of verifying the "coffee paradox." Ordinary Least Square (OLS), Instrumental Variables (IV), and simultaneous equation with Seemingly Unrelated Regressions (SUR) methods of econometric analysis are employed.  Empirical results suggest that the world coffee market is characterized by "coffee paradox" due to...
Tipo: Journal Article
Palavras-chave: Export supply model; Coffee paradox; Elasticity of transmission; Price asymmetry; Price equation; Profit equation; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Demand and Price Analysis; International Relations/Trade.
Ano: 2009
URL: http://purl.umn.edu/90687

DISPUTES IN SUGAR AND AGRICULTURAL-BASED SWEETENERS
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Petrolia,   Daniel R.
Tipo: Conference Paper or Presentation
Palavras-chave: Agribusiness.
Ano: 2001
URL: http://purl.umn.edu/16831

STRATEGIC AGRICULTURAL TRADE POLICY INTERDEPENDENCE AND THE EXCHANGE RATE: A GAME THEORETIC ANALYSIS
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; von Witzke,   Harald; Roe,   Terry L.
Tipo: Working or Discussion Paper
Palavras-chave: Agricultural and Food Policy; International Relations/Trade.
Ano: 1994
URL: http://purl.umn.edu/51441

AN EMPIRICAL ESTIMATION OF THE IMPORT DEMAND MODEL AND WELFARE EFFECTS: THE CASE OF RICE IMPORTING COUNTRIES
Provedor de dados: 31
Autores: Kang,   Hyunsoo; Kennedy,   P. Lynn; Hilbun,   Brian M.
This analysis presents the determination of an import demand function for the world rice market using annual data from 1994 to 2007. In the specification and analysis of a world rice market import demand function, Ordinary Least Square (OLS), Instrumental Variables (IV) with Generalized Method of Moments (GMM), and Seemingly Unrelated Regression (SUR) methods have been used. Social welfare effects have been obtained using consumer surplus and compensated variation for the top four rice importing countries (Indonesia, Philippines, Nigeria, and Saudi Arabia). Empirical results suggest that economic growth, Foreign Direct Investment (FDI), and importing countries’ population positively affect national income, thus, positively affecting rice consumption. Oil...
Tipo: Conference Paper or Presentation
Palavras-chave: Rice export and import; Consumer surplus; Trade; Import demand function; International Relations/Trade.
Ano: 2008
URL: http://purl.umn.edu/46082

Determining the Impact of Crawfish Imports on U.S. Domestic Prices
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
The study identifies the linkage between imports and the domestic price of crawfish. The results show a simultaneous increase in imports and domestic prices of crawfish while showing a negative relationship between domestic landings and price. Each model shows that there is a seasonality effect on the domestic price of crawfish. The study also shows that increases in the domestic supplies of shrimp, tilapia, and clams generated increases in the domestic crawfish price while increases in imported and domestic supplies of beef and imported supplies of pork decreased the domestic crawfish price.
Tipo: Conference Paper or Presentation
Palavras-chave: Demand and Price Analysis; International Relations/Trade.
Ano: 2008
URL: http://purl.umn.edu/6344

Remittances and economic growth in Latin America and the Caribbean: The Impact of the human capital development
Provedor de dados: 31
Autores: Garcia-Fuentes,   Pablo A.; Kennedy,   P. Lynn.
Remittances are one source of external financing for developing countries that have been increasing in both size and importance as of late. However, the issue about the impact on economic growth from remittances is still opened for discussion. This paper adds to this discussion by investigating the impact of remittances on growth through human capital using a panel data analysis for a sample of 14 Latin American and Caribbean (LAC) countries during the period 1975-2000. The results indicate that remittances have a positive impact on economic growth in the representative countries from the LAC region; however, the realization of this impact holds only when the remittance receiving country has a minimum threshold of human capital stock.
Tipo: Conference Paper or Presentation
Palavras-chave: Remittances; Human Capital; Growth; Latin America and the Caribbean; International Development; International Relations/Trade; Labor and Human Capital.
Ano: 2009
URL: http://purl.umn.edu/46751

Short- &amp; Long-Run Effects of Seafood Imports on Domestic Price
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Brian,   Hilbun.
Tipo: Conference Paper or Presentation
Palavras-chave: Agribusiness; Community/Rural/Urban Development; Demand and Price Analysis; International Relations/Trade.
Ano: 2011
URL: http://purl.umn.edu/103336

IMPACTS OF EXHCHANGE RATE ON TERMS OF TRADE AND VOLUME OF TRADE
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
Direct and indirect effects of exchange rates on foreign and home prices may induce a change in terms of trade and volume of trade. In particular, the price effect in substitutability between foreign and home products and endogeneity of the foreign price provide evidence for the indirect impact of the exchange rate on home price. Furthermore, elasticity of substitution and degree of returns to scale influence the impact of the exchange rate on terms of trade and trade volume. In an empirical examination of the Korean beef market, this study found a decrease in terms of trade and an increase in volume of trade when the U.S. dollar depreciates, and an increase in terms of trade and a decrease in volume of trade when the U.S. dollar appreciates. However, the...
Tipo: Conference Paper or Presentation
Palavras-chave: Exchange rate; Home and foreign prices; Direct and indirect effects; Terms of trade; Volume of trade.; International Relations/Trade.
Ano: 2009
URL: http://purl.umn.edu/46784

A PARTIAL-EQUILIBRIUM SIMULATION OF INCREASING THE U.S. TARIFF-RATE SUGAR QUOTA FOR CUBA AND MEXICO
Provedor de dados: 31
Autores: Petrolia,   Daniel R.; Kennedy,   P. Lynn.
A model consisting of Cuba, Mexico, the U.S., and an aggregated “"Rest of the World"” was developed to simulate increases in U.S. sugar imports from  Cuba and Mexico.  Results indicate that increased imports would generate up to $505 million in U.S. net gains, and that world prices increase only minimally.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2002
URL: http://purl.umn.edu/19764

An Examination of Inverse Demand Models: An Application to the U.S. Crawfish Industry
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn.
This study analyzes quantity impacts of imported crawfish tailmeat on Louisiana crawfish tailmeat prices, and demonstrates the statistical validity and proper interpretation of cross substitution within inverse demand systems. Among five inverse demand systems, the Differential Inverse National Bureau of Research (DINBR) model shows no violation of econometric assumptions for the data analyzed. By using Allais coefficients proposed by Barten and Bettendorf (1989), we show substitutability among the five fish species.
Tipo: Journal Article
Palavras-chave: Inverse demand systems; Statistical validity; Allais coefficients; Demand and Price Analysis.
Ano: 2008
URL: http://purl.umn.edu/45661

AN ANALYSIS OF LATIN AMERICAN PEANUT TRADE
Provedor de dados: 31
Autores: Lee,   Dae-Seob; Kennedy,   P. Lynn; Fletcher,   Stanley M.
The Latin American peanut industry is estimated using SUR. In scenarios, their demand is not affected dramatically by both price changes. The price changes affect the Latin American supply by roughly 15% and net trade by approximately 50%, compared to less than 10% in world price shock.
Tipo: Conference Paper or Presentation
Palavras-chave: Peanut; SUR; Scenarios; Trade; International Relations/Trade.
Ano: 2004
URL: http://purl.umn.edu/34744

The Impact of Ethanol Production on the U.S. Gasoline Market
Provedor de dados: 31
Autores: Marzoughi,   Hassan; Kennedy,   P. Lynn.
This paper uses a simultaneous equation system to determine the impact of ethanol fuel production on the U.S. motor gasoline market, especially gasoline prices. Based on estimation results, every billion gallon increase in ethanol production decreases gasoline prices by as much as 6 cents.
Tipo: Presentation
Palavras-chave: Ethanol; Gasoline Market; Corn; Biofuel; Agricultural and Food Policy; Q18.
Ano: 2012
URL: http://purl.umn.edu/119752

A GAME THEORETIC ANALYSIS OF U.S. RICE EXPORT POLICY: THE CASE OF JAPAN AND KOREA
Provedor de dados: 31
Autores: Lee,   Dae-Seob; Kennedy,   P. Lynn.
As a result of the Uruguay Round (UR), the impact on the international rice market is dramatic.The major U.S. benefit of the UR has been the access to the Japanese market.  However, the U.S. share of this import market has been unstable and the share of Korean rice market is nearly zero prior to February 2002.  Econometric estimation and Political Preference Function (PPF) approach are incorporated into a game theoretic analysis to analyze U.S. export potential to Japan and Korea.
Tipo: Conference Paper or Presentation
Palavras-chave: International Relations/Trade.
Ano: 2002
URL: http://purl.umn.edu/19686

IMPORT DEMAND SYSTEM ANALYSIS OF THE SOUTH KOREAN WINE MARKET WITH THE SOURCE DIFFERENTATED AIDS MODEL
Provedor de dados: 31
Autores: Lee,   Young-Jae; Kennedy,   P. Lynn; Hilbun,   Brian M.
Under the assumption of block substitutability and partial aggregation, a source differentiated AIDS model was used to estimate South Korean wine import demand. Empirical results indicate that South Korean wine consumers have a strong preference for high quality French wines. French wines are shown to be substitutes for wines from other countries in the South Korean wine market. Since the implementation of a free trade agreement between South Korea and Chile, Chilean wines have steadily increased their market share exhibiting strong price competitiveness in the South Korean wine market.
Tipo: Conference Paper or Presentation
Palavras-chave: Wine; AIDS; Block substitutability; Import demand; Demand and Price Analysis.
Ano: 2008
URL: http://purl.umn.edu/6345

Production Response to Increased Imports: The Case of U.S. Sugar
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Schmitz,   Andrew.
This paper considers how the welfare of U.S. sugar producers can be affected by the use of production controls in the presence of rising sugar imports and falling sugar prices, taking into account the negative externalities associated with U.S. sugar production. Even if production controls are used, producer welfare can be affected negatively under rising imports.
Tipo: Journal Article
Palavras-chave: Import quota; Production quota; Supply management; U.S. sugar; Agribusiness; Agricultural and Food Policy; Crop Production/Industries; International Relations/Trade; Production Economics; Productivity Analysis; F13; F14; Q17.
Ano: 2009
URL: http://purl.umn.edu/56662

COMPETITIVENESS IN THE WORLD SUGAR INDUSTRY: A COMPARISON OF THE EU AND U.S. SUGAR SECTORS
Provedor de dados: 31
Autores: Kennedy,   P. Lynn; Harrison,   R. Wes.
The EU and U.S. have historically been insulated from volatilities in the world sugar market.  This paper reviews changes in WTO and regional trade agreements and interactions with domestic policies.  A framework is developed to analyze the competitive positions of these sugar industries given world sugar policy reforms.
Tipo: Conference Paper or Presentation
Palavras-chave: Competitiveness; Sugar; EU; U.S.; Agricultural and Food Policy; International Relations/Trade.
Ano: 1999
URL: http://purl.umn.edu/21649

Economic Performance of U.S. Multinational Agribusinesses: Foreign Direct Investment and Firm Strategy
Provedor de dados: 31
Autores: Garcia-Fuentes,   Pablo A.; Ferreira,   Gustavo F.C.; Kennedy,   P. Lynn.
This paper empirically assesses the sequential relationships among firm strategic factors, FDI activity, and economic performance for a sample of U.S.-based Multinational agribusinesses. The most important findings of this research is a positive direct effect of FDI on performance, the complementary effect between FDI and firm strategic factors (positive and significant interaction terms) on performance, and the positive effect of FDI on performance given some thresholds of firm strategic factors. Specifically, it provides insights about the direct effect of FDI on performance, as well as about the joint effect of firm size and FDI, marketing intensity and FDI, and capital intensity and FDI on performance. These findings provide evidence that FDI activity...
Tipo: Presentation
Palavras-chave: Economic performance; Foreign direct investment; Firm strategic factors; Agribusiness; Agribusiness; International Relations/Trade; Marketing; F230; L250.
Ano: 2012
URL: http://purl.umn.edu/119763