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Registros recuperados: 53
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Acreage Decision under Price & Yield Uncertainty AgEcon
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
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Effects of Price and Quality Differences in Source Differentiated Beef on Market Demand AgEcon
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
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Exchange Rate Volatility and Bilateral Agricultural Trade Flows: The Case of the United States and OECD Countries AgEcon
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
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A GAME THEORETIC ANALYSIS OF TURKISH ACCESSION TO A EUROPEAN CUSTOMS UNION AgEcon
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
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STRUCTURAL APPROACH TO ANALYZE THE EFFECTS OF EXHCHANGE RATE ON IMPORT DEMAND AgEcon
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
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WELFARE EFFECTS OF AGRICULTURAL TRADING BLOCS: THE SIMULATION OF A NORTH AMERICAN CUSTOMS UNION AgEcon
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
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An Empirical Investigation of Interproduct Relationships Between Domestic and Imported Seafood in the U.S. AgEcon
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
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A Determination of the Trade Creation and Diversion Effects of Regional Trade Agreements in the Western Hemisphere AgEcon
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
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The Exchange Rate and Inward Foreign Direct Investment in Mexico AgEcon
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
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Increasing the United States Tariff-Rate Sugar Quota for Cuba and Mexico: A Partial-Equilibrium Simulation AgEcon
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
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Bilateral Trade and Economic Growth: The Empirical Evidence Between U.S. and South Korea AgEcon
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
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IMPLICIT PRICE AND DEMAND IN OLIGOPOLISTIC COMPETITION: AN APPLICATION TO THE U.S. TROUT MARKET AgEcon
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
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Sanitary and Phytosanitary Measures : A Game Theoretic Approach of Comparative Evaluation AgEcon
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
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Regional Trade Agreements and Implications for US Agriculture: The Case of CAFTA-DR AgEcon
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
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Impact of Corn Based Ethanol Production on the U.S. High Fructose Corn Syrup (HFCS) and Sugar Markets AgEcon
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
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Effects of Catfish, Crawfish, and Shrimp Imports on U.S. Domestic Prices AgEcon
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
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IMPACTS OF GLOBALIZATION ON AGRICULTURAL COMPETITIVENESS: THE CASE OF NAFTA AgEcon
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
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International Internships in Agribusiness Curricula: A Proposal for Implementation AgEcon
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
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A DYNAMIC IMPORT DEMAND ANALYSIS OF HONDURAN COFFEE AgEcon
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
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An Analysis of Latin American Peanut Trade AgEcon
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
Registros recuperados: 53
Primeira ... 123 ... Última
 

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