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| Registros recuperados: 53 | |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| 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 |
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| Registros recuperados: 53 | |
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