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Registros recuperados: 53 | |
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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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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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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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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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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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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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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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Registros recuperados: 53 | |
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