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An Evaluation of Canadian and U.S. Policies of Log and Lumber Markets AgEcon
Devadoss, Stephen.
The recent lumber trade war between Canada and the United States deals with Canadian stumpage policies, Canada’s log export controls, and U.S. retaliatory duty. This study determines the appropriate level of U.S. countervailing duty (CVD) by employing a vertically interrelated log–lumber model. The theoretical results show that the U.S. CVD can be greater (will be less) than the Canadian subsidy for a vertically related log–lumbermarket (for lumber market only). Empirical results support the theoretical findings in that the U.S. CVD for the log–lumber market (lumber market alone) is 1.55 (0.91) times the Canadian subsidy.
Tipo: Journal Article Palavras-chave: Countervailing duty; Dispute; Log; Lumber; Subsidy; Agribusiness; Agricultural and Food Policy; International Relations/Trade; Political Economy; F13.
Ano: 2008 URL: http://purl.umn.edu/45517
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U.S. Demand for Source–Differentiated Shrimp: A Differential Approach AgEcon
Jones, Keithly G.; Harvey, David J.; Hahn, William F.; Muhammad, Andrew.
Estimates of price and scale elasticities for U.S. consumed shrimp are derived using aggregate shrimp data differentiated by source country. Own-price elasticities for all countries had the expected negative signs, were statistically significant, and inelastic. The scale elasticities for all countries were positive and statistically significant at the 1% level with only the United States and Ecuador having scale elasticities of less than one. For the most part, the compensated demand effects showed that most of the cross-price effects were positive. Our results also suggest that despite the countervailing duties imposed by the United States, shrimp demand was fairly stable.
Tipo: Journal Article Palavras-chave: CBS; Conditional demand; Countervailing duty; Imports; Scale elasticity; Shrimp; Agribusiness; Farm Management; Food Consumption/Nutrition/Food Safety; Production Economics; C32; D12; Q13; Q22.
Ano: 2008 URL: http://purl.umn.edu/47202
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