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PREFERENTIAL TRADE ARRANGEMENTS: IMPACTS ON AGRICULTURAL TRADE AND INCOME AgEcon
Skripnitchenko, Anatoliy; Beladi, Hamid; Koo, Won W..
In this article, we focus on the effects of preferential trade arrangements on agricultural trade and agricultural income. Given the large number of preferential trade arrangements and complex interactions among them, we attempt to discover whether preferential trade arrangements are beneficial to agricultural trade and income, and are an effective tool to liberalize agricultural trade. The findings suggest that preferential trade arrangements with some exceptions tend to expand agricultural trade and improve agricultural income.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural trade; Agricultural income; Gravity model; Preferential trade agreement; International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/23555
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U.S. FOREIGN DIRECT INVESTMENT IN FOOD PROCESSING INDUSTRIES OF LATIN AMERICAN COUNTRIES: A DYNAMIC APPROACH AgEcon
Skripnitchenko, Anatoliy; Koo, Won W..
In this report, we apply a dynamic cost minimization model of U.S. foreign direct investment in food processing industries to nine Latin American countries. Estimation of the first order condition (Euler equation) using a consistent rational expectation assumption showed that dynamic structure explains the investment process in food processing industries quite well. U.S. food processors in Latin America are driven by the host country?s level of demand and by labor cost considerations. They can adjust their investment position quickly. We also quantified short and long-run effects of shocks to exogenous variables on foreign direct investment position.
Tipo: Working or Discussion Paper Palavras-chave: Foreign direct investment; Dynamic; Latin America; Adjustment costs; Processed food; Euler equation; International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/23533
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PREFERENTIAL TRADE ARRANGEMENTS: IMPACTS ON AGRICULTURAL TRADE AND INCOME AgEcon
Skripnitchenko, Anatoliy; Beladi, Hamid; Koo, Won W..
In this article we focus on the effects of preferential trade arrangements on agricultural trade and agricultural income. Given the large number of preferential trade arrangements and complex interactions among them, we attempt to find out whether preferential trade arrangements are beneficial to agricultural trade and income, and are an effective tool to liberalize agricultural trade. The findings suggest that preferential trade arrangements with some exceptions tend to expand agricultural trade and improve agricultural income.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/20260
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ECONOMIC IMPACTS OF THE U.S.-AUSTRALIA FREE TRADE AGREEMENT AgEcon
Mattson, Jeremy W.; Skripnitchenko, Anatoliy; Koo, Won W..
The general objective of this study is to analyze the economic impact of the recently negotiated U.S. - Australia Free Trade Agreement (FTA). Specific objectives are to estimate changes in trade and prices in different sectors of the U.S. and Australian economies and to determine the impact on U.S. agriculture and the U.S. beef industry in particular. The results of a general equilibrium analysis suggest that the FTA will not have significant effects on the economies of Australia, the United States, or the rest of the world. The United States could achieve gains in the manufacturing sector, but the U.S. agricultural sector could experience small losses as Australia could increase exports of dairy products and beef to the United States. The results of...
Tipo: Working or Discussion Paper Palavras-chave: Australia; Free trade agreement; Exports; Imports; Beef; International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/23073
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THE EFFECTS OF THE BSE OUTBREAK IN THE UNITED STATES ON THE BEEF AND CATTLE INDUSTRY AgEcon
Jin, Hyun Joung; Skripnitchenko, Anatoliy; Koo, Won W..
On December 23, 2003, Bovine Spongiform Encephalopathy (BSE), widely known as 'mad cow disease,' was found in the state of Washington. Major beef importing countries, including Japan, South Korea, and Mexico, banned imports of beef and beef products produced in the United States. A single case of BSE occurred on May 20, 2003, in Canada, prompting the United States to close its border to Canadian beef products. Prior to these BSE outbreaks in North America, the disease was detected in the United Kingdom and Japan. U.S. consumer response to the BSE outbreak in Washington is unknown. However, the previous cases which occurred in the United Kingdom and Japan indicate that the BSE outbreaks reduced domestic consumption of beef produced in the countries and...
Tipo: Working or Discussion Paper Palavras-chave: Production Economics.
Ano: 2004 URL: http://purl.umn.edu/23072
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PREFERENTIAL TRADE ARRANGEMENTS IN APPAREL EXPORTS FROM THE CARIBBEAN TO THE U.S.: A DYNAMIC INVESTMENT APPROACH AgEcon
Skripnitchenko, Anatoliy; Abbott, Philip C..
A dynamic profit maximization model with adjustment costs of capital is implemented to study US outward processing trade in apparel and to examine the effects of preferential trade policies in the long and short runs. The model is used to determine the role of foreign investment and to simulate outcomes due to the introduction of the Trade and Development Act of 2000 and the elimination of Multi-Fiber Agreement quotas in selected Caribbean countries. The transitional dynamics as well as long-run costs and benefits of these trade policy changes are evaluated. While outward processing trade expands with preferences under the Caribbean Basin Initiative, policies typically require five years to be fully effective, and competition in freer markets could reverse...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2003 URL: http://purl.umn.edu/21977
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