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MARKET SEGMENTATION: IDENTIFYING THE HIGH-GROWTH EXPORT MARKETS FOR U.S. AGRICULTURE AgEcon
Reed, Michael R.; Salvacruz, Joseph C..
A cluster analysis based on a five-year growth rate of agricultural imports from the United States was conducted on 86 countries and revealed two significant market segments for U.S. agriculture: the high-growth markets and the low-growth markets. Multiple discriminant analysis was then used to test the significance of the countries' trade-related and macroeconomic variables to their market growth classification. The discriminant function was used to predict the high-growth markets for U.S. agriculture in 1994. High-growth markets for U.S. agriculture exhibit faster GDP and agricultural import growth rates, are relatively agriculturally self-sufficient, and are near the United States. On the other hand, low-growth markets exhibit slower GDP and...
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1994 URL: http://purl.umn.edu/26644
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MARKET ASSESSMENT MODELS FOR U.S. AGRICULTURAL EXPORTS AgEcon
Salvacruz, Joseph C.; Reed, Michael R.; Mather, David.
The growth rate of the United States' agricultural exports to its trading partners was predicted using some measures of each country's past macroeconomic conditions. The model which applies a five-year lag basis predicted better than that which utilizes a ten-year lag. Results show that the significant determinants of the growth rate of U.S. agricultural exports include the importing countries' GDP growth rate, agricultural self-sufficiency, population density, and distance from the United States.
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 1992 URL: http://purl.umn.edu/27194
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COMPETITIVENESS OF THE UNITED STATES AND THE ASEAN IN THE INTERNATIONAL AGRICULTURAL MARKET AgEcon
Salvacruz, Joseph C..
Three alternative measures were used to determine the competitiveness of the U.S. and the members of the Association of Southeast Asian Nations (ASEAN) in the international agricultural market. Evidence suggests that while the competitiveness of the U.S. has become fairly stable across time, the ASEAN countries have exhibited fluctuating trends, with pronounced increasing trends during the past five years. The impact of technological progress on international agricultural competitiveness was also analyzed. Competitiveness was found to be influenced by interest rates, labor availability, and endogenous technology driven by foreign aid, direct foreign investments, and farm size. These findings provide policymakers and agribusiness managers with relevant...
Tipo: Journal Article Palavras-chave: Agribusiness.
Ano: 1996 URL: http://purl.umn.edu/27784
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TECHNOLOGICAL CHANGE AND AGRICULTURAL TRADE PATTERNS AgEcon
Salvacruz, Joseph C..
An international trade model which explains trade patterns of processed foods relative to textiles using relative technological change and relative factor endowments was developed. This model was tested in the case of the United States and a number of ASEAN countries. Results indicate that exogenous technology drives the trade pattern of the Asian Newly Industrializing Countries (NICs) while endogenous technology drives the trade patterns of the lesser developed ASEAN countries. Significant determinants of endogenous technology were identified: foreign aid flows, research and development expenditures, and market power. Two significant issues were raised in the course of the analysis: (1) the effectiveness of U.S. foreign aid package in developing the...
Tipo: Journal Article Palavras-chave: Research and Development/Tech Change/Emerging Technologies.
Ano: 1994 URL: http://purl.umn.edu/26643
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