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| Registros recuperados: 14 | |
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| 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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| 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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| 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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| Peterson, E. Wesley F.; Paggi, Mechel S.; Henry, Guy. |
| Sanitary regulations, product definitions, grades, production or processing regulations, and other qualitative standards are generally applied to both domestic production and imported goods. These quality restrictions can be seen as trade barriers, although it is often difficult to determine whether a given restriction is based on legitimate health or safety concerns or is simply an alternative device for protecting producers. The purpose of this paper is to evaluate the welfare effects of a recent quality regulation, the European Community ban on the use of hormones in livestock production. A conceptual framework is developed to analyze the effects of the ban on the market for edible offals. The results indicate that Community prices for edible offals... |
| Tipo: Journal Article |
Palavras-chave: Food Consumption/Nutrition/Food Safety; International Relations/Trade. |
| Ano: 1988 |
URL: http://purl.umn.edu/32154 |
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| Huang, Rui; Fulginiti, Lilyan E.; Peterson, E. Wesley F.. |
| A three period overlapping generations model is developed to investigate the impact of shorter life expectancy due to disease, on human capital investment decisions and income growth. This research is particularly relevant to Sub-Saharan Africa given the dramatic reduction in life expectancy due to HIV/AIDS and the potential lasting effects on growth. Our results indicate that as life expectancy shortens so does schooling inducing a lower growth rate of income. These relationships are even more pronounced for the African continent than for the rest of the world. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Labor and Human Capital. |
| Ano: 2003 |
URL: http://purl.umn.edu/25808 |
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| Peterson, E. Wesley F.; Viscencio-Brambila, Hector; Fuller, Stephen W.. |
| User fees have become a popular means of financing public services, including certain transportation facilities. The Water Resources Development Act of 1986 includes provisions for user fees to finance part of the costs of operations, maintenance, and new construction of the U.S. port system. The purpose of this paper is to evaluate the welfare implications of this legislation. An analytical model is developed and used to estimate the impact of port user fees on grain and oilseed producers, consumers, and the government. The results of the analysis indicate that the user fee has a relatively small effect on producer welfare and that the efficiency gains resulting from the replacement of the government subsidy for port operations, maintenance, and new... |
| Tipo: Journal Article |
Palavras-chave: International Relations/Trade. |
| Ano: 1988 |
URL: http://purl.umn.edu/29253 |
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| Registros recuperados: 14 | |
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