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Registros recuperados: 44
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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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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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INTELLECTUAL PROPERTY RIGHTS AND TRADE: ANALYSIS OF BIOLOGICAL PRODUCTS, MEDICINALS AND BOTANICALS, AND PHARMACEUTICALS AgEcon
Smith, Pamela J..
We examine the impact of intellectual property rights (IPRs) on US exports of biological, medicinal, botanical, and pharmaceutical products. We find that: (1) strong IPRs enhance monopoly power of US exports in countries with weak imitative abilities; and (2) strong IPRs expand markets for US exports in countries with strong imitative abilities.
Tipo: Conference Paper or Presentation Palavras-chave: Intellectual property rights; Exports; Biotechnologies; Medicinals; Botanicals; Pharmaceuticals; International Relations/Trade; Research and Development/Tech Change/Emerging Technologies; F10; F13; Q16; Q17; K55; O34.
Ano: 1999 URL: http://purl.umn.edu/21525
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Exchange Rates, Foreign Income, and U.S. Agriculture AgEcon
Shane, Mathew; Roe, Terry L.; Somwaru, Agapi.
This paper focuses on estimating the effects of trade partner income and real trade-weighted exchange rates on US agricultural exports. For the period 1970-2003, a one percent annual increase in trade partners’ income is found to increase total agricultural exports by about 1.6 percent while a one percent appreciation of the dollar relative to trade partner trade-weighted currencies decreases total agricultural exports by about 0.8 percent. We find these effects also carry over to 12 commodity subcategories, although the effects are conditioned by differences between bulk and high value commodities, and differences in the export demand from high compared to low income countries. We also find that the negative effect of exchange rate appreciation on exports...
Tipo: Conference Paper or Presentation Palavras-chave: Exchange rates; U.S. agricultural trade; U.S. agricultural commodity exports; U.S. agricultural export prices; Foreign income; International Relations/Trade; F10; F14; Q17.
Ano: 2006 URL: http://purl.umn.edu/6686
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Trade Types in Slovenian Primary and Processed Agricultural Trade AgEcon
Bojnec, Stefan; Majkovic, Darja; Turk, Jernej.
The significance of the processed food products in agricultural and food trade is increasing in Slovenia as well as in the other developed countries. The large share of agricultural and food trade is inter-industry trade. The significance of intra-industry trade (IIT) is increasing with the degree of processing. In particular, IIT is based on products differentiated in quality where low quality vertical IIT prevails. This kind of trade specialization and trade patterns, together with trade geography, imply some similarities in these trade developments with developing countries and countries with less competitive food processing rather than with more advanced European Union countries with the competitive food processing sector.
Tipo: Conference Paper or Presentation Palavras-chave: Trade types; Trade quality; Intra-industry trade; International Relations/Trade; F10; F14; F15.
Ano: 2005 URL: http://purl.umn.edu/24477
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THE GATT/WTO HAS PROMOTED TRADE, BUT ONLY IN CAPITAL-INTENSIVE COMMODITIES! AgEcon
Engelbrecht, Hans-Jurgen; Pearce, Christopher.
This paper contributes to the recent empirical debate about the effectiveness of the GATT and the WTO in promoting trade. We use gravity models to explore the impact of the GATT/WTO on bilateral trade in a sample of 46 countries over the period 1965-1997. Our data enable us to disaggregate trade by broad commodity aggregates. The results for total trade are similar to those reported by Rose (2004). However, the disaggregated estimates reveal that the GATT/WTO has had a positive and statistically significant impact on trade in capital-intensive commodities, but that it has had no statistically significant impact on trade in other commodities. The paper demonstrates that simple modifications of Rose's approach lead to results that are much more 'common...
Tipo: Working or Discussion Paper Palavras-chave: GATT/WTO; Gravity model; Bilateral trade; Commodity aggregates; Capital-intensive commodities.; International Relations/Trade; F10; F15.
Ano: 2004 URL: http://purl.umn.edu/23707
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Increased Cocoa Bean Exports under Trade Liberalization: A Gravity Model Approach AgEcon
Yeboah, Osei-Agyeman; Shaik, Saleem; Wozniak, Shawn J.; Allen, Albert J..
Gravity models were developed to estimate the potential bilateral exports of cocoa under trade liberalization by the sixteen major cocoa producing countries to the US using panel data from 1989 to 2003. The results indicate that differences between resource endowment, relative size of economies, and the sum of bilateral GDP of U.S. and exporting countries are the major determinants. Thus, as trade is liberalized, farmers share of the world price of cocoa increases and this raises exports.
Tipo: Conference Paper or Presentation Palavras-chave: Gravity models; Bilateral exports; Market liberalization; Cocoa; Fixed Effects Model; Random Effects Model; Pooled O.L.S.; International Relations/Trade; Research Methods/ Statistical Methods; F10; F13.
Ano: 2008 URL: http://purl.umn.edu/6819
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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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Strategic Choice of International Emissions Trading Scheme in an Open Economy with Perfect Competition AgEcon
Boom, Jan Tjeerd.
Emissions trading can be organized in several ways. In particular, private emissions trading can be organized as permit trading, or as credit trading. The schemes have a different impact on output with credit trading leading to a higher output level than permit trading. This paper analyzes what the optimal choice of emissions trading scheme is in a model with international trade and perfect competition in the product and emission quota market. Furthermore, I discuss whether it is optimal for the country to allow its firms to trade emissions internationally. The paper shows that countries want to use these schemes in different circumstances, depending on whether they import or export the good. Furthermore, it is shown that in several cases, countries...
Tipo: Working or Discussion Paper Palavras-chave: Environmental policy; Emissions trading; Credit trading; International trade; Perfect competition; Strategic behavior; Environmental Economics and Policy; F10; L51; Q25; Q28.
Ano: 2003 URL: http://purl.umn.edu/24196
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THE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH AgEcon
Washington, Andrew A.; Kilmer, Richard L..
Results indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between the differential production approach and the Rotterdam model. In comparing the consumer demand price/corss-price elasticities to the derived-demand price/cross-price elasticities, it is clear that use of the Rotterdam model when a production approach should be used can lead to overestimation, underestimation, and incorrect signs in deriving unconditional price effects.
Tipo: Journal Article Palavras-chave: Dairy; Demand; Imports; International; Production; Rotterdam; Trade; Demand and Price Analysis; D12; D24; F10; F14; Q17.
Ano: 2002 URL: http://purl.umn.edu/15070
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Trade Creation and Trade Diversion in the North American Free Trade Agreement: The Case of the Agricultural Sector AgEcon
Susanto, Dwi; Rosson, C. Parr, III; Adcock, Flynn J..
This paper examines the effect of the U.S.-Mexico trade agreement under the North American Free Trade Agreement (NAFTA). The results suggest that U.S. agricultural imports from Mexico have been responsive to tariff rate reductions applied to Mexican products. A one percentage point decrease in tariff rates is associated with an increase in U.S. agricultural imports from Mexico by 5.31% in the first 6 years of NAFTA and by 2.62% in the last 6 years of NAFTA. U.S. imports from Mexico have also been attributable to the pre-NAFTA tariff rates. Overall, the results indicate that the U.S.-Mexico trade agreement under NAFTA has been trade creating rather than trade diverting.
Tipo: Journal Article Palavras-chave: Agricultural sector; NAFTA; Panel data; Tariffs; Trade creation; Trade diversion; International Relations/Trade; F10; F15; Q17; Q18; C31; C33.
Ano: 2007 URL: http://purl.umn.edu/6618
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Autocracies and Development in a Global Economy: A Tale of Two Elites AgEcon
Akerman, Anders; Larsson, Anna; Naghavi, Alireza.
Current version uploaded April 2013.
Tipo: Working or Discussion Paper Palavras-chave: Development; Economic Institutions; Political Institutions; Trade; Capital Mobility; Capital Accumulation; Comparative Advantage; Capital Mobility; F10; F20; P14; P16; O10; O24.
Ano: 2011 URL: http://purl.umn.edu/115848
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The Long-Run Effects of Environmental Reform in Open Economies AgEcon
Karp, Larry S.; Zhao, Jinhua; Sacheti, Sandeep.
We compare the short-run and long-run effects of environmental reform and harmonization under autarky and free trade. When trade is driven by environmental distortions rather than real relative advantages, harmonization of environmental policies, even if achieved by lowering standards in one country, can improve short-run aggregate welfare. With the possibility of multiple steady states, long-run considerations favor a "race to the top" rather than a "race to the bottom" even when upward and downward harmonizations are equivalent in the short run. For a country trapped in a low (or bad) steady state, environmental reform may not move it to a high (or good) steady state under autarky. However, under trade, harmonization of policies may enable this country...
Tipo: Working or Discussion Paper Palavras-chave: International trade and the environment; Environmental policy reform; International harmonization of environmental policies; Environmental dynamics and trade; Environmental Economics and Policy; International Relations/Trade; Q20; F10; H23.
Ano: 2000 URL: http://purl.umn.edu/25099
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How Cool is C.O.O.L.? AgEcon
Dinopoulos, Elias; Livanis, Grigorios T.; West, Carol Taylor.
This paper develops a partial equilibrium model of a small open-economy producing and trading an unsafe product that is supplied by perfectly competitive producers. The presence of product safety considerations, in this case risks to health, introduces a wedge between the market prices producers receive and the higher risk-adjusted prices consumers respond to. The size of the wedge depends positively on the per-unit cost of illness and the proportion of unsafe units embodied in the parent risky product. The model is used to analyze the welfare effects of trade with and without a country-of-origin labeling (COOL) program. Assuming imports are less safe than domestic production, the welfare gains from trade in the absence of COOL are ambiguous and may...
Tipo: Working or Discussion Paper Palavras-chave: Country-of-origin labeling; Protection; Product safety; Welfare; Food Consumption/Nutrition/Food Safety; International Relations/Trade; F10; F13; L15.
Ano: 2005 URL: http://purl.umn.edu/15658
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Trade and Geography in the Economic Origins of Islam: Theory and Evidence AgEcon
Michalopoulos, Stelios; Naghavi, Alireza; Prarolo, Giovanni.
This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries, virtual countries and ethnic groups, exhibit highly unequal regional agricultural endowments. Second, Muslim adherence is systematically larger along the pre-Islamic trade routes in the Old World. The theory argues that this particular type of geography (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent economic performance. It suggests that the unequal distribution of land endowments conferred differential gains from trade across regions, fostering predatory behavior from the poorly endowed ones. In such an environment it was mutually beneficial to institute a system...
Tipo: Working or Discussion Paper Palavras-chave: Religion; Islam; Geography; Physical Capital; Human Capital; Land Inequality; Wealth Inequality; Trade; Labor and Human Capital; O10; O13; O16; O17; O18; F10; Z12.
Ano: 2010 URL: http://purl.umn.edu/91008
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EFFECTS OF TRADE BARRIERS ON U.S. APPLE EXPORTS AgEcon
Sreedharan, Prasanna; Devadoss, Stephen; Stodick, Leroy; Wahl, Thomas I..
We build a spatial equilibrium trade model for apples using demand and supply relations for each importing and exporting country. The model maximizes welfare subject to demand and production constraints. A trade barrier (free trade) scenario which incorporates (removes) import quotas and tariffs is run. Comparison of the solutions of the two scenarios quantifies the impacts of trade barriers on US apple exports.
Tipo: Conference Paper or Presentation Palavras-chave: Apples; Spatial equilibrium model; Trade barriers; International Relations/Trade; F10.
Ano: 2003 URL: http://purl.umn.edu/22172
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Trade trends from 2000 to 2008 for agriculture, forestry and fisheries of the Western Cape AgEcon
Jacobs, Elne; Punt, Cecilia.
This paper aims to identify trade trends for primary products from the Western Cape agricultural, forestry and fisheries sector for the period 2000 until 2008. Annual trade data was received from the South African Revenue Service (SARS). The postal code information were used to identify from which province exports were sent or for which province the imports were destined. The postal code provided is that of the exporter or importer, and thus does not reflect the final destination in South Africa of imports or the origin (province) of our exports. Traded goods are classified using the Harmonised System (HS) that is used internationally. Results indicate that in South Africa and the Western Cape, the value of total imports are more than total exports, but in...
Tipo: Working or Discussion Paper Palavras-chave: General Trade; Country and Industry Studies of Trade; International Relations/Trade; F10; F14.
Ano: 2009 URL: http://purl.umn.edu/58064
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Export Intensity and Plant Characteristics: What Can We Learn from Quantile Regression? AgEcon
Wagner, Joachim.
Using quantile regression and a rich cross section data set for German manufacturing plants this paper documents that the impact of plant characteristics on export activities varies along the conditional size distribution of the export/sales ratio.
Tipo: Working or Discussion Paper Palavras-chave: Exports; Quantile regression; Heterogeneous firms; International Relations/Trade; F10; D21; L60.
Ano: 2004 URL: http://purl.umn.edu/26390
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Reciprocal Trade Agreements in Gravity Models: A Meta-analysis AgEcon
Cipollina, Maria; Salvatici, Luca.
Over the time a large number of reciprocal preferential trade agreements (RTAs) have been concluded among countries. Recently many studies have used gravity equations in order to estimate the effect of RTAs on trade flows between partners. These studies report very different estimates since they differ greatly in data sets, sample sizes and independent variables used in the analysis. So, what is the "true" impact of RTAs? This paper combines, explains and summarizes a large number of results (1827 estimates included in 85 papers), using a meta-analysis (MA) approach. Notwithstanding quite a high variability, studies consistently find a positive RTAs impact on bilateral trade: the hypothesis that there is no effect of trade agreements on trade is easily and...
Tipo: Working or Discussion Paper Palavras-chave: Free trade agreements; Gravity equation; Meta-regression analysis; Publication bias; International Relations/Trade; C10; F10.
Ano: 2006 URL: http://purl.umn.edu/18877
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The Impact of Trade Costs on Firm Entry, Exporting, and Survival in Korea AgEcon
Kim, Sooil; Reimer, Jeffrey J.; Gopinath, Munisamy.
This study uses a unique firm-level dataset to examine how falling trade costs from 1993-2001 affected entry, exit, productivity, and exporting in the Korean manufacturing sector. We verify many of the predictions of recent heterogeneous-firm models of international trade. For example, falling trade costs reduced entry by new Korean firms, increased their probability of exit, and reduced the market share of surviving firms. We also find that small firms had a particularly high level of dynamism over the sample period. Small firms were more likely to enter and exit, and marginally more likely to gain market share, enter export markets for the first time, and improve their productivity.
Tipo: Conference Paper or Presentation Palavras-chave: Employment; Exit; Exports; Firm deaths; Survival; Trade costs; Agribusiness; Industrial Organization; International Development; International Relations/Trade; Labor and Human Capital; Marketing; Production Economics; Productivity Analysis; Research and Development/Tech Change/Emerging Technologies; F10; D24.
Ano: 2009 URL: http://purl.umn.edu/49185
Registros recuperados: 44
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