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Registros recuperados: 39 | |
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Arbenser, Lawrence. |
The need for external capital (FDI) inflow to finance the current account deficit of developing countries cannot be over-emphasized. Foreign direct investment takes predominance over other types of capital inflow into developing countries. How would an increase in FDI and a reduction in import tariff levels in isolation affect household welfare and other macroeconomic indicators? How would the concurrent application of the two enhance the expected impact? This paper explores the above questions by using a Computable General Equilibrium (CGE) model for Ghana, implemented in the General Algebraic Modeling System (GAMS) to carry out specific counterfactual simulations. This paper concludes that the primary benefit of an increase in FDI inflow for a... |
Tipo: Working or Discussion Paper |
Palavras-chave: FDI; Import tariff; CGE; Ghana; GAMS; Household welfare trade deficit; Exchange rate; Import; Export; International Relations/Trade. |
Ano: 2004 |
URL: http://purl.umn.edu/18829 |
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Baek, Jungho; Koo, Won W.. |
Since the summer of 2007, U.S. food price has increased dramatically. Given public anxiety over fast-rising food prices in recent years, this paper attempts to analyze the effects of market factors ─ prices of energy and agricultural commodities and exchange rate ─ on U.S. food prices using a co-integration analysis. Results show that the agricultural commodity price and exchange rate play key roles in determining the short- and long-run movement of U.S. food prices. It is also found that in recent years, the energy price has been a significant factor affecting U.S. food prices in the long-run, but has little effect in the short-run. This implies the strong long-run linkage between energy and agricultural markets has emerged through production of... |
Tipo: Report |
Palavras-chave: Agricultural commodity price; Energy price; Exchange rate; Food price inflation; Time-series analysis; Agribusiness. |
Ano: 2009 |
URL: http://purl.umn.edu/54248 |
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Fang, Cheng; Fabiosa, Jacinto F.. |
China's accession to the World Trade Organization, a significant event for U.S. agricultural trade, has been viewed as benefitting U.S. farmers, especially midwestern farmers. This research compares the productivity and cost of production (COP) of China and the United States in producing corn, soybeans, and hogs. The results show that the U.S. Midwest (defined in this study as the Heartland region as classified by the U.S. Department of Agriculture's Economic Research Service) has a substantial advantage in land and labor productivities in producing corn and soybeans, especially compared to China's South and West producing regions. However, China's Northeast region, a major corn- and soybean-producing area, has a very competitive COP over the U.S. Midwest.... |
Tipo: Working or Discussion Paper |
Palavras-chave: Agricultural trade; Competitiveness; Corn; Cost of production; Exchange rate; Hogs; Land policy; Productivity; Soybeans; U.S. Midwest versus China; Agricultural Finance; Production Economics; International Relations/Trade. |
Ano: 2002 |
URL: http://purl.umn.edu/18688 |
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Scalco, Paulo Roberto; Carvalho, Henrique Duarte; Campos, Antonio Carvalho. |
O objetivo deste trabalho é analisar os efeitos de longo e curto prazos de choques na taxa de câmbio real sobre o saldo da balança comercial agropecuária brasileira. O procedimento metodológico empregado foi a análise multivariada descrita em Johansen (1988 e 1991) apud Hamilton (1994). Os resultados indicam que existe uma relação de longo prazo entre a depreciação na taxa de câmbio real e o saldo da balança comercial. Verifica-se que, no longo prazo, um aumento de 1,0 % da taxa de câmbio leva a uma expansão de 2,10 % no saldo da balança comercial. Esse resultado está consistente com a condição de Marshall-Lerner que afirma: no longo prazo, o efeito volume deve superar o efeito preço, promovendo, assim, um aumento no saldo da balança comercial. Entretanto,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Condição de Marshall-Lerner; Curva J; Taxa de câmbio; Balança comercial; Setor agropecuário; Marshall-Lerner condition; J-Curve; Exchange rate; Trade balance; Agricultural sector; International Relations/Trade. |
Ano: 2008 |
URL: http://purl.umn.edu/109536 |
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Hanninen, Riitta; Laaksonen-Craig, Susanna; Toppinen, Anne. |
In previous literature, the degree of exchange rate pass-through to importing countrys currency has often been found to be incomplete, which supports the idea of imperfect competition in the forest products markets. In this study, exchange rate pass-through is examined by employing a mark-up model for the UK and German pulp and newsprint markets for 198697. Two specifications are compared, one where exchange rates in importing countries are employed and the other that attributes for the fact that US dollar is largely used in pricing for forest industry products in Europe. In contrast to previous studies, our estimates indicate very low degrees of pass-through, which is consistent with competitive European markets for pulp and paper. Consequently,... |
Tipo: Conference Paper or Presentation |
Palavras-chave: Exchange rate; Pass-through; Pricing currency; Pulp; Newsprint; Stumpage prices; Cointegration; Resource /Energy Economics and Policy. |
Ano: 2000 |
URL: http://purl.umn.edu/36502 |
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Wang, Kai-Li; Barrett, Christopher B.. |
This paper takes a new empirical look at the long-standing question of the effect of exchange rate volatility on international trade flows by studying the case of Taiwan's exports to the United States from 1989-1998. In particular, we employ sectoral-level, monthly data and an innovative multivariate GARCH-M estimator with corrections for leptokurtic errors. This estimator allows for the possibility that traders' forward-looking contracting behavior might condition the way in which exchange rate movement and associated risk affect trade volumes. Change in importing country industrial production and change in the expected exchange rate are found to jointly drive the trade volumes. More strikingly, monthly exchange rate volatility affects agricultural trade... |
Tipo: Journal Article |
Palavras-chave: Agricultural trade; Exchange rate; Expectations; GARCH; International Relations/Trade. |
Ano: 2007 |
URL: http://purl.umn.edu/8643 |
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Orden, David. |
With sustained appreciation of the U.S. dollar over the past 4 years, the exchange rate has again taken on importance for agriculture. This overview paper revisits the analysis of exchange rate impacts, reviewing the relevant conceptual arguments, summarizing the evidence economists and agricultural economists have marshaled from the 1970s and the 1980s and from several more recent papers, presenting some illustrative recent empirical analysis of exchange rate effects, and briefly examining the detrimental consequences that sustained appreciation of the dollar is having on U.S. farm policy. |
Tipo: Journal Article |
Palavras-chave: Agricultural policy; Agricultural trade; Exchange rate; International Relations/Trade; F31; Q17; Q18. |
Ano: 2002 |
URL: http://purl.umn.edu/15466 |
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Registros recuperados: 39 | |
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