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Registros recuperados: 53
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An Empirical Investigation of Interproduct Relationships Between Domestic and Imported Seafood in the U.S. 31
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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STRUCTURE AND CONDUCT OF THE WORLD RICE MARKET 31
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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A GAME THEORETIC ANALYSIS OF TURKISH ACCESSION TO A EUROPEAN CUSTOMS UNION 31
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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A DYNAMIC IMPORT DEMAND ANALYSIS OF HONDURAN COFFEE 31
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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Creole Coffee 31
Kennedy, P. Lynn; Roule, Elizabeth D..
Creolé Coffee had just started to achieve regional and national success. However,recent volatility in the world coffee market resulted not only in price instabilities, but also created difficulty in procuring the high-quality product customers had grown to expect from Creolé. In examining this situation, Jim Brewer determined that the company must adapt their relationships with producers to ensure the availability of the quality and quantity of coffee needed to produce the premium blends consumers now associate with Creolé. In turn this would allow the company to provide consumers with a high quality product at a stable price.
Tipo: Journal Article Palavras-chave: Vertical coordination; Strategic alliances; Risk management; International trade; Commodity procurement.; Agribusiness; International Relations/Trade.
Ano: 2004 URL: http://purl.umn.edu/8119
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NORTH KOREAN FOOD SUPPLY AND DEMAND: AN ECONOMETRIC ANALYSIS 31
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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A Determination of the Trade Creation and Diversion Effects of Regional Trade Agreements in the Western Hemisphere 31
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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International Internships in Agribusiness Curricula: A Proposal for Implementation 31
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 PARTIAL-EQUILIBRIUM SIMULATION OF INCREASING THE U.S. TARIFF-RATE SUGAR QUOTA FOR CUBA AND MEXICO 31
Petrolia, Daniel R.; Kennedy, P. Lynn.
A model consisting of Cuba, Mexico, the U.S., and an aggregated “"Rest of the World"” was developed to simulate increases in U.S. sugar imports from Cuba and Mexico. Results indicate that increased imports would generate up to $505 million in U.S. net gains, and that world prices increase only minimally.
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2002 URL: http://purl.umn.edu/19764
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A SECTORAL ANALYSIS OF AGRICULTURAL TRADE LIBERALIZATION 31
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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AN EMPIRICAL ESTIMATION OF THE IMPORT DEMAND MODEL AND WELFARE EFFECTS: THE CASE OF RICE IMPORTING COUNTRIES 31
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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The Impact of Central American Free Trade Area (CAFTA) on the United States sugar market 31
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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DISPUTES IN SUGAR AND AGRICULTURAL-BASED SWEETENERS 31
Kennedy, P. Lynn; Petrolia, Daniel R..
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness.
Ano: 2001 URL: http://purl.umn.edu/16831
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THE RELATIONSHIPS OF TRADE, ECONOMIC GROWTH, AND MARKET POWER: THE CASE OF RICE EXPORTING 31
Kang, Hyunsoo; Kennedy, P. Lynn; Hilbun, Brian M..
This paper aims to (1) analyze the relationship between rice exports and economic growth for the world’s top four exporting countries (Thailand, Vietnam, India, and the U.S) and (2) seek to determine to what extent market power affects a country’s economic growth. The main objective of this paper is to determine to what extent economic growth impacts a country’s rice exports as well as to what extent Foreign Direct Investment (FDI) impacts a country’s ability to export rice. This analysis also examines the impact of market power on economic growth. On the basis of these results, we examine the existence of market power in the international rice market with respect to rice supply, and moreover, propose that there is a bi-directional causality between the...
Tipo: Conference Paper or Presentation Palavras-chave: Rice export; CR4; GDP; FDI; Market power; Trade; Export supply function; Community/Rural/Urban Development; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/46081
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Effects of Price and Quality Differences in Source Differentiated Beef on Market Demand 31
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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Short- & Long-Run Effects of Seafood Imports on Domestic Price 31
Lee, Young-Jae; Kennedy, P. Lynn; Brian, Hilbun.
Tipo: Conference Paper or Presentation Palavras-chave: Agribusiness; Community/Rural/Urban Development; Demand and Price Analysis; International Relations/Trade.
Ano: 2011 URL: http://purl.umn.edu/103336
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A Demand System Analysis of the U.S. Trout Market 31
Lee, Young-Jae; Kennedy, P. Lynn; Hilbun, Brian M..
The objective of this study is to analyze how imported trout affects the domestic U.S. trout industry.
Tipo: Conference Paper or Presentation Palavras-chave: Trout; Demand System; Import; International Relations/Trade; F10; F11; F13.
Ano: 2010 URL: http://purl.umn.edu/56414
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An Analysis of Latin American Peanut Trade 31
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
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Regional Trade Agreements and Implications for US Agriculture: The Case of CAFTA-DR 31
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 31
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
Registros recuperados: 53
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