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| Registros recuperados: 29 | |
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| Weatherspoon, Dave D.; Seale, James L., Jr.; Moss, Charles B.. |
| Income convergence among the G-7 countries was demonstrated using Theil's inequality (entropy) index. G-7 convergence was also found for three potential factors of influence on economic growth: government expenditure, investment expenditure, and industrial employment. Pairwise cointegration tests indicated that income inequality was cointegrated with the other three inequality measures for the time period of 1950-88. Finally, Johansen's I(2) multi-cointegration tests indicated that three of the four inequality measures (i.e. income, investment expenditure, and industrial employment) were cointegrated suggesting that there exists a long-run equilibrium between the inequality in income, investment expenditure, and industrial employment. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural and Food Policy. |
| Ano: 1999 |
URL: http://purl.umn.edu/11675 |
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| Schmitz, Troy G.; Seale, James L., Jr.. |
| The so-called "Byrd Amendment" effectively empowers producers and processors, who successfully petition the U.S. government to impose ADCV duties on competing imports, to keep the proceeds of those tariffs. We determine the effect that the Amendment has on domestic producers, consumers, and taxpayers. We derive the "optimum antidumping tariff" that would maximize the welfare of producers that receive payments under the Amendment. We compare and contrast this newly derived optimal antidumping tariff (that maximizes the sum of producer surplus and tariff revenue) with the optimal revenue tariff (that maximizes tariff revenue alone) and the optimal welfare tariff (that maximizes the sum of consumer surplus, producer surplus, and tariff revenue). |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2004 |
URL: http://purl.umn.edu/19980 |
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| Weatherspoon, Dave D.; Seale, James L., Jr.; Moss, Charles B.. |
| Theil’s inequality index is used to measure convergence in 14 Organization for Economic Cooperation and Development (OECD) countries in terms of per capita income, per capita government and investment expenditures, and industrial employment. Results indicate that all four variables have converged over the sample period, 1950-1988. Next, the indices of the four variables are made dynamic by using pairwise cointegration and Johansen’s I(2) multi-cointegration tests. These tests indicate that the four inequalities are cointegrated; that is, there exists a long-run equilibrium between the four inequalities of the 14 OECD countries. However, the inequality in per capita government expenditure has no effect on the G-7 equilibrium when analyzed without the... |
| Tipo: Journal Article |
Palavras-chave: Cointegration; Convergence; G-7; Inequality; OECD. |
| Ano: 2003 |
URL: http://purl.umn.edu/43300 |
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| Schmitz, Troy G.; Seale, James L., Jr.. |
| Using annual Japanese fresh fruit import data from 1971 to 1997, this study analyzes the import patterns of Japan's seven most popular fresh fruits by implementing and testing a general differential dmand system that nests four alternative import demand specifications. When tested against the general system using the five-good case (bananas, grapefutis, oranges, and lemons and aggregating pineapples, berries, and grapes), the analysis rejects the Almost Ideal Demand System and National Bureau of Research specifications but does not reject Rotterdam and Central Bureau of Statistics models. When estimated using the six-good case (bananas, grapefuits, oranges, lemons, and pineapples and aggregating berries and grapes), the analysis rejects all... |
| Tipo: Journal Article |
Palavras-chave: Almost Ideal Demand System; Consumer demand; Fruit; Import demand; Japan; Rotterdam; Demand and Price Analysis; C3; F1; Q0. |
| Ano: 2002 |
URL: http://purl.umn.edu/15081 |
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| Schmitz, Troy G.; Seale, James L., Jr.. |
| Using annual Japanese fresh fruit import data from 1971-1997, this study analyzes the import patterns of Japan's seven most popular fresh fruits by implementing and testing a general differential demand system that nests four alternative import demand specifications. When tested against the general system using the five-good case (bananas, grapefruits, oranges, and lemons and aggregating pineapples, berries, and grapes), the analysis rejects the AIDS and NBR specifications, but does not reject Rotterdam and CBS. When estimated using the six-good case (bananas, grapefruits, oranges, lemons, pineapples, and aggregating berries and grapes), the analysis rejects all specifications except the Rotterdam model. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Almost Ideal Demand System; Consumer demand; Fruit; Import demand; Japan; Rotterdam model; Demand and Price Analysis; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15639 |
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| Seale, James L., Jr.; Merchant, Mary. |
| This research estimates price and expenditure elasticities of U.S. red wine imports from five countries--Italy, France, Spain, Australia, and Chile--which are compared to elasticities of domestically produced red wine using the first-difference version of the almost ideal demand system (AIDS). Expenditure elasticity results indicate that if U.S. total expenditures on red wine increase, domestic producers would gain most. Empirical results for conditional own-price elasticities of demand indicate that U.S. and Chilean red wines are elastic while U.S. demand for red wines from other countries are highly inelastic. Due to the magnitude of consumption of U.S. domestic red wines relative to imports, an increase in the price of U.S. wine results in a decline in... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Imports; Red wines; Almost Ideal Demand System; AIDS; Demand and Price Analysis; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/15637 |
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| Seale, James L., Jr.; Regmi, Anita; Bernstein, Jason. |
| The analysis presented here suggests that low-, middle-, and high-income countries all respond differently to changes in income and food prices and, furthermore that low-income countries are more responsive than high-income countries to such changes. These conclusions are based on a two-stage, cross-country demand system fit to the 1996 International Comparison Project (ICP) data for nine broad categories and eight food sub-categories of goods across 114 countries. The broad consumption groups include: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and other items. The food sub-groups include bread and cereals, meat, fish,... |
| Tipo: Report |
Palavras-chave: Consumption; Cross-country demand; Complete demand system; Food demand; Elasticity; Heteroskedasticity; Maximum likelihood; Food Consumption/Nutrition/Food Safety. |
| Ano: 2003 |
URL: http://purl.umn.edu/33580 |
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| Deepak, Sri Devi; Seale, James L., Jr.; Moss, Charles B.. |
| The purpose of this paper is to empirically analyze determinants of income-level convergence. Specifically, the effect of human capital on per capita income is estimated for 22 countries of the organization for Economic Cooperation and Development (OECD). Additionally, the effects of openness in international trade and investment and government expenditures on per capita income are estimated and evaluated. Human capital is modeled as a latent variable, and results indicate that it is a significant factor in explaining the variation of per capita income levels among the OECD countries. Further, the entire time path of human capital is utilized to explain deviations in per capita income. |
| Tipo: Journal Article |
Palavras-chave: Convergence; Human capital; Inequality; Latent variable; OECD. |
| Ano: 2003 |
URL: http://purl.umn.edu/43299 |
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| Registros recuperados: 29 | |
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