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Registros recuperados: 58
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Law of One Price in International Commodity Markets: A Fractional Cointegration Analysis AgEcon
Mohanty, Samarendu; Smith, Darnell B.; Peterson, E. Wesley F.; Meyers, William H..
This paper examine the Law of One Price (LOP) in the International Commodity markets using a fractional cointegration analysis. Out of nine pairs of price series examined, fractional cointegration supports the existence of the LOP in eight cases as compared to three cases as in standard cointegration process.
Tipo: Working or Discussion Paper Palavras-chave: International Relations/Trade.
Ano: 1996 URL: http://purl.umn.edu/18400
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The Impacts of U.S. Cotton Programs on the World Market: An Analysis of Brazilian and African WTO Petitions AgEcon
Pan, Suwen; Mohanty, Samarendu; Ethridge, Don E.; Fadiga, Mohamadou L..
Brazil, supported by Australia challenged U.S. cotton programs at the September 2003 meeting of the WTO settlement Body. Brazil complained that U.S. cotton subsidies such as marketing loans, export credits, commodity certificates, direct payments and counter cyclical payments are depressing world prices and are injurious to Brazilian farmers. In addition, the West and Central African Countries (WCA) countries of Benin, Burkina Faso, Mali and Chad have filed a petition with the WTO claiming that they are losing export earnings of 1 billion dollar a year as a result of subsidies by the United States and the European Union (BBMC, 2003). For WCA countries, both production and export of cotton have increased in the last decade but export revenues have declined...
Tipo: Report Palavras-chave: Agricultural and Food Policy.
Ano: 2004 URL: http://purl.umn.edu/53150
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Time Series Evidence of Relationships Between U.S. and Canadian Wheat Prices AgEcon
Mohanty, Samarendu; Smith, Darnell B.; Peterson, E. Wesley F..
In this paper, relationships between U.S. and Canadian wheat prices are examined using cointegration and error correction approach. The use of an error correction model is appropriate because U.S. and Canadian wheat prices are first differenced stationary and cointegrated. The results suggest that both U.S. durum and hard spring wheat prices respond to restore the equilibrium relationship with the corresponding Canadian price while the Canadian price does not respond to restore equilibria. That is, the structure of the respective policies is such that Canadian markets are largely insulated from influences flowing from the United States while U.S. markets are not insulated from Canadian influences. These results could be interpreted to support the...
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries; International Relations/Trade.
Ano: 1996 URL: http://purl.umn.edu/18575
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The Impact of India's Cotton Yield on U.S. and World Cotton Markets AgEcon
Pan, Suwen; Welch, Mark; Mohanty, Samarendu; Fadiga, Mohamadou L..
Cotton is India’s main cash crop. It contributes to the livelihood of 60 million people and accounts for 30 percent of the country’s agricultural domestic product (Barwale et al., 2004). Total cotton acreage in India is estimated at 9 million hectares, the largest in the world (Gandhi, 2006). About 65 percent of cotton production activities are rainfed and subject to the vagaries of weather. Cotton is grown in nine states, spread over three agroclimatic zones with different planting schedules. Planting usually ends by the first week of June in northern regions (Punjab, Haryana, and Rajasthan), by mid-August in the central region (Gujarat, Maharashtra, and Madhya Pradesh), and by the first week of September in parts of the south (Andhra Pradesh, Karnataka,...
Tipo: Report Palavras-chave: Agricultural and Food Policy.
Ano: 2006 URL: http://purl.umn.edu/53149
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Economic Growth in the Philippines: A Spatial Econometrics Analysis at the Provincial Level, 1991 – 2000. AgEcon
Pede, Valerien O.; Huelgas, Zenaida M.; Villano, Lorena; Garcia, Cornelia; McKinley, Justin D.; Mohanty, Samarendu.
Investigating the determinants of economic growth remains a long research tradition in the economic growth literature. Most studies in this literature have tried to link economic growth and different economic factors using either neoclassical growth theories or endogenous growth approaches. These studies apply these growth theories to identify the factors responsible for the observed differences/disparities between regions or countries. While early studies focused on cross-country analyses, the recent most studies consider regions or sub-national entities as unit of analysis. This has raised the question of whether theories developed for cross-country analysis could be automatically applied for regional or sub-national analysis. Given the profound...
Tipo: Conference Paper or Presentation Palavras-chave: Community/Rural/Urban Development; Research and Development/Tech Change/Emerging Technologies; Research Methods/ Statistical Methods.
Ano: 2011 URL: http://purl.umn.edu/103651
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PRICE INTEGRATION IN MERCOSUR COUNTRIES: A FRACTIONAL COINTEGRATION ANALYSIS AgEcon
Mohanty, Samarendu; Peterson, E. Wesley F.; Smith, Darnell B..
This paper examines price integration in the MERCOSUR countries of Argentina and Brazil after the creation of this regional economic agreement using a fractional cointegration analysis. The results suggest that Argentine wheat and corn prices are fully cointegrated with the corresponding world prices, whereas Brazilian wheat prices are not cointegrated with the world price. These results support the idea that, for these markets, MERCOSUR is operating more like a free trade area than a customs union with harmonized trade policies. In case of soybean, neither soybean price is integrated with the world price, implying that both countries are pursuing similar export strategies that have the effect of isolating these markets from the world markets. Within...
Tipo: Conference Paper or Presentation Palavras-chave: Demand and Price Analysis; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/20954
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India Edible Oil Consumption: A Censored Incomplete Demand Approach AgEcon
Pan, Suwen; Mohanty, Samarendu; Welch, Mark.
A Censored Incomplete Demand System is applied to household expenditures for edible oil in India. The results show that edible peanut oil is still a luxury good in India, whereas expenditure elasticities for other edible oils are relatively low. The food habit, location, education of household heads, and other demographic variables have significant effects on the choice of edible oils.
Tipo: Journal Article Palavras-chave: Censored Incomplete Demand System; India edible oil; Unit value; Agribusiness; Demand and Price Analysis; Production Economics; C21; D1; Q11.
Ano: 2008 URL: http://purl.umn.edu/47261
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The Food Aid and Food Security Analysis System: Jamaica Technical Manual AgEcon
Fabiosa, Jacinto F.; Mohanty, Samarendu; Smith, Darnell B.; Meyers, William H.; Batres-Marquez, S. Patricia.
Tipo: Working or Discussion Paper Palavras-chave: Food Security and Poverty.
Ano: 1997 URL: http://purl.umn.edu/18648
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ASSESSING THE COMPETITIVENESS OF INDIAN COTTON PRODUCTION: A POLICY ANALYSIS MATRIX APPROACH AgEcon
Mohanty, Samarendu; Fang, Cheng; Chaudhary, Jagadanand.
This paper uses a modified policy analysis matrix (PAM) approach to assess the efficiency of cotton production in five major producing states in India. The results indicate that cotton is not efficiently produced in the second-largest cotton-producing state in the country. Without government interventions in this state, it is likely that acreage will move away from cotton to more profitable crops such as sugarcane and groundnut. In addition, we conclude that cotton is not the most efficiently produced crop in the other four states; however, there is at least one crop in each state that is less efficiently produced than cotton. These findings suggest that Indian policies directed at maintaining the availability of cheap cotton for the handloom and textile...
Tipo: Working or Discussion Paper Palavras-chave: Crop Production/Industries.
Ano: 2002 URL: http://purl.umn.edu/18465
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Sino-U.S. and Sino-E.U. Textile Safeguard Agreements: Comparing the Effects to Free Market Conditions AgEcon
Pan, Suwen; Welch, Mark; Mohanty, Samarendu; Fadiga, Mohamadou L..
The effects of Sino-US and Sino-EU safeguard agreements on US, China and world cotton and textile sectors are investigated using a partial equilibrium model. The effects are compared to a free trade scenario under the provisions of the Agreement on Textiles and Clothing (ATC). The two agreements capping Chinese textile exports would decrease China's textile and apparel exports, production and domestic consumption by an average 1.57 percent, 0.63 percent and, 0.32 percent respectively. The safeguard agreements cause an increase in the U.S. cotton textile price index and a slight decrease in U.S. net textile imports and textile consumption. The agreements cause a decrease in the world cotton price and the quantity of cotton traded, but these trends...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2006 URL: http://purl.umn.edu/21117
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World Cotton Outlook: Projections to 2015/16 AgEcon
Ethridge, Don E.; Welch, Mark; Pan, Suwen; Fadiga, Mohamadou L.; Mohanty, Samarendu.
The Global Fibers Model developed at the Cotton Economics Research Institute at Texas Tech University was used to generate 10-year projections of cotton and textile production, mill use, and trade for 24 countries/regions under specified assumptions for macroeconomic variables, weather, and policies/programs, referred to as the baseline. Global results and results for selected major countries are presented here. Results indicate a continued dominance of China in textile production and cotton trade, rising global production of cotton, and shifting cotton export market shares, with the U.S. losing and Brazil gaining.
Tipo: Working or Discussion Paper Palavras-chave: Agricultural and Food Policy.
Ano: 2006 URL: http://purl.umn.edu/53169
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THE IMPACTS OF U.S. COTTON PROGRAMS ON THE WEST AND CENTRAL AFRICAN COUNTRIES COTTON EXPORT EARNINGS AgEcon
Fadiga, Mohamadou L.; Mohanty, Samarendu; Pan, Suwen.
This study uses a stochastic simulation approach based on a partial equilibrium structural econometric model of the world fiber market to examine the effects of a removal of U.S. cotton programs on the world market. The effects on world cotton prices and African export earnings were analyzed. The results suggest that on average an elimination of U.S. cotton programs would lead to a marginal increase in the world cotton prices thus resulting in minimal gain for cotton exporting countries in Africa.
Tipo: Conference Paper or Presentation Palavras-chave: Stochastic simulation; Partial equilibrium model; United States; Africa; Cotton subsidies; Export earnings; Agricultural and Food Policy; Crop Production/Industries; Q11; Q17.
Ano: 2004 URL: http://purl.umn.edu/20312
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Assessing the Impacts of the Chinese TRQ System and U.S. Subsidies on the World Cotton Market: Technical Annex AgEcon
Pan, Suwen; Welch, Mark; Mohanty, Samarendu; Fadiga, Mohamadou L.; Ethridge, Don E..
This document is the technical annex to the full paper "Assessing the Impacts of the Chinese TRQ System and U.S. Subsidies on the World Cotton Market" which is available separately.
Tipo: Journal Article Palavras-chave: International Relations/Trade.
Ano: 2005 URL: http://purl.umn.edu/23884
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ESTIMATION OF DEMAND FOR WHEAT BY CLASSES FOR THE UNITED STATES AND THE EUROPEAN UNION AgEcon
Mohanty, Samarendu; Peterson, E. Wesley F..
This study estimates demand for wheat differentiated by classes using a dynamic AIDS model for the United States and the European Union (EU). The results suggest that imported wheat is more price responsive than domestic wheat in the U.S. market but not in the EU market. This may suggest that the Canadian policy that reduces prices of Canadian wheat in the U.S. market or U.S. export subsidies that raise prices of U.S, wheat could be expected to give rise to substantial substitution of Canadian for U.S. wheat. It is also found that in the EU, complementary relationships exist between spring and other wheat groups, This complementary relationship between the lower and higher quality wheat in the EU is not surprising because EU millers blend cheaper wheat...
Tipo: Journal Article Palavras-chave: Crop Production/Industries; Demand and Price Analysis.
Ano: 1999 URL: http://purl.umn.edu/31276
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Impact of a Commodity Price Spike on Poverty Dynamics: Evidence from a Panel of Rural Households in Bangladesh AgEcon
Balagtas, Joseph Valdes; Bhandari, Humnath; Mohanty, Samarendu; Cabrera, Ellanie; Hossain, Mahabub.
In this paper we assess the effects of the dramatic rise in agricultural commodity prices during 2007-2008 on income dynamics and poverty among rural households in Bangladesh. We use data from a nationally representative longitudinal survey of rural households in Bangladesh collected in four waves in 1988, 2000, 2004, and 2008. Nargis and Hossain (2006) analysed income dynamics and poverty incidence for the first three waves, finding a declining trend in both the incidence and depth of poverty, aided by in particular by human capital development and the off-farm labor opportunities. Here we update the analysis to include data collected in 2008, at the height of the aforementioned spike in agricultural prices. We find that various measures of rural poverty...
Tipo: Presentation Palavras-chave: Poverty; Income; Commodity price spike; Rural households; Bangladesh; Panel data; Demand and Price Analysis; Food Security and Poverty.
Ano: 2012 URL: http://purl.umn.edu/124225
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Chinese Tariff Rate Quota v.s. U.S. Subsidies: What Affects the World Cotton Market More? AgEcon
Pan, Suwen; Welch, Mark; Mohanty, Samarendu; Fadiga, Mohamadou L.; Ethridge, Don E..
Paper replaced with new version 8/17/05
Tipo: Conference Paper or Presentation Palavras-chave: Cotton; International trade; Subsidies; TRQ; International Relations/Trade; Q11; Q17.
Ano: 2005 URL: http://purl.umn.edu/19111
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The Cost of the U.S. Sugar Program Revisited AgEcon
Beghin, John C.; El Osta, Barbara; Cherlow, Jay R.; Mohanty, Samarendu.
We revisit the cost of the U.S. sugar program by analyzing the welfare implications of its removal. We use a multimarket model of U.S. sweetener markets, which includes raw crops, sugar extraction and refining, high-fructose corn syrup, and sweetener users (food-processing industries and final consumers). Our approach addresses the industrial organization of food industries using sweeteners and treats the United States as a large importer. We estimate that, with the removal of the program, cane growers, sugar beet growers, and beet processors would lose $307 million, $650 million, and $89 million (1999 prices), respectively. Sweetener users would gain $1.9 billion (1999 prices). The deadweight loss of the current sugar program is estimated at $532 million...
Tipo: Working or Discussion Paper Palavras-chave: Sugar program; Sweetener; Trade; Agricultural policy; Agricultural and Food Policy; Q18; Q17; F13.
Ano: 2001 URL: http://purl.umn.edu/18431
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U.S. Proposal for WTO Hong Kong Ministerial Conference: What's at Stake for Cotton Producers? AgEcon
Fadiga, Mohamadou L.; Mohanty, Samarendu; Pan, Suwen; Welch, Mark.
This study analyzed the cost to U.S. cotton producers of two policy alternatives under which the U.S. seeks to cut its total AMS payments for cotton by 60%. We considered two scenarios; the U.S. decides to act unilaterally versus conducting the policy initiative along with multilateral tariff and subsidy eliminations from the Rest of the World. The study found a 12% cut in target price and 8% cut in loan rate are necessary to reach the 60% AMS targeted reduction under the unilateral scenario. In that regards, U.S. net farm income decreases considerably despite an appreciation of U.S. farm price. Under a multilateral trade liberalization from the Rest of the World, a 9% cut in the loan rate and 4% in loan rate are enough to reach the AMS reduction...
Tipo: Conference Paper or Presentation Palavras-chave: United States; Hong Kong; Cotton subsidies; Tariff; Net farm income; International Relations/Trade; Q11; Q17.
Ano: 2006 URL: http://purl.umn.edu/21273
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Changing Pattern in U.S. Apparel Trade Post-2008: Implications for U.S. Cotton AgEcon
Mutuc, Maria Erlinda M.; Mohanty, Samarendu; Malaga, Jaime E.; Rejesus, Roderick M..
In 1995, the Agreement on Textiles and Clothing (ATC) provided for the calculated liberalization of the textiles and apparel sectors over a 10-year period ending in 2005, except for some safeguard measures ending on December 31, 2008. These safeguard measures allowed for import restrictions by the U.S. on certain categories of cotton apparel from China. Using a 57-equation, annual econometric, price equilibrium simulation model of the U.S. cotton and cotton apparel markets, results point to lower cotton apparel prices in the U.S. by as much as $ 0.25 per kilogram while cotton prices decline by less than $ 0.01 per kilogram once these safeguards expire. In the baseline scenario, quotas are removed in 2009-2015 except for the safeguards. In the...
Tipo: Conference Paper or Presentation Palavras-chave: Crop Production/Industries; International Relations/Trade.
Ano: 2008 URL: http://purl.umn.edu/6066
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The Impacts of Eliminating Step 2 Program on the U.S. and World Cotton Market AgEcon
Mohanty, Samarendu; Pan, Suwen; Welch, Mark; Ethridge, Don E..
Brazil made a formal complaint to the World Trade Organization (WTO) Dispute Settlement Panel against U.S. cotton programs in 2003, alleging that these subsidies depressed world cotton price and were injurious to Brazilian farmers. The petition was supported by Australia and West and Central African cotton producing countries. After long deliberations, the WTO appellate body came out with their final ruling in March 2005 that upheld most of the initial decisions of the WTO Dispute Settlement Panel. In addition to the finding of serious price suppressing effects of U.S. cotton programs during the period 1999/00-2002/03, the ruling also included a June 30, 2005 deadline to withdraw Step 2 and export credit guarantee programs. In an attempt to comply with the...
Tipo: Report Palavras-chave: Agricultural and Food Policy.
Ano: 2005 URL: http://purl.umn.edu/53148
Registros recuperados: 58
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