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| Registros recuperados: 19 | |
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| Xun, Lei; Awokuse, Titus O.. |
| Global economic growth has led to an increase of FDI activity in the agro-food sector, which together with the increased FDI in the manufacturing sector, has generated increased FDI activity in food processing. This paper fills a gap in the literature on the role of FDI by extending the recent Knowledge-Capital (CMM) model of multinational enterprises to the food processing sector. Following the CMM model, this paper analyzed the determinants of US outgoing FDI in the food processing sector using data on developed countries over the period 1983 - 2002. The result suggests that economy size, factor endowment, home country trade cost and host country investment cost have significant effect on FDI activity in the food processing sector. Only weak empirical... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/19131 |
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| Awokuse, Titus O.. |
| This paper examines the dynamic relationship between monetary policy variables and agricultural prices using alternative VAR-type model specifications. Time series techniques as currently specified in most studies raises issues of misspecification and inferential adequacy because observational (non-experimental) data are being analyzed by estimations techniques better suited for experimental data. Directed graph theory is proposed as an alternative modeling approach to supplement current methods of analyzing agricultural time series. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Financial Economics. |
| Ano: 2002 |
URL: http://purl.umn.edu/19794 |
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| Awokuse, Titus O.; Yin, Hong. |
| Most of the previous studies on the effect of IPR protection on international trade have been from the perspective of major industrialized nations. However, much of the current debate on the effects of IPR protection involves large developing countries with high threat of imitation. This study contributes to the literature by analyzing the impact of the strengthening of patent laws in China on its bilateral trade flows. We estimate the effects of patent rights protection on China’s imports at the aggregate and detailed product categories for both OECD (developed) and non-OECD (developing) countries. The empirical results suggest that increased patent rights protection stimulate China’s imports, particularly in the knowledge-intensive product categories.... |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Intellectual property rights; Patent laws; International trade; International Relations/Trade; F13; 034. |
| Ano: 2008 |
URL: http://purl.umn.edu/6143 |
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| Awokuse, Titus O.; Bernard, John C.. |
| The U.S. broiler industry is highly vertically integrated and increasingly concentrated in the number of firms and production areas. These structural elements could have implications for performance and the functioning of the law of one price (LOP) across regions. This article investigates this using data on four regional markets. Cointegration results indicate that regional prices are spatially linked in the long run, but pairwise cointegration was not found, suggesting that the LOP does not hold. Causality tests confirm the relative importance of price shocks from the South. This finding is reflective of price coordination by firms with production in multiple regions. |
| Tipo: Journal Article |
Palavras-chave: Broiler prices; Causality; Cointegration; Market integration; Livestock Production/Industries; Marketing; Q13; D43; C22. |
| Ano: 2007 |
URL: http://purl.umn.edu/6324 |
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| Awokuse, Titus O.. |
| Existing empirical evidence on the impact of macroeconomic variables on agriculture remains mixed and inconclusive. This paper re-examines the dynamic relationship between monetary policy variables and agricultural prices using alternative vector autoregression (VAR) type model specifications. Directed acyclic graph theory is proposed as an alternative modeling approach to supplement existing modeling methods. Similar to results in other studies, this studys findings show that over the time period analyzed (19752000), changes to money supply as a monetary policy tool had little or no impact on agricultural prices. The primary macroeconomic policy instrument that affects agricultural prices is the exchange rate, which is shown to be directly linked to... |
| Tipo: Journal Article |
Palavras-chave: Agricultural prices; Cointegration; Directed acyclic graphs; Monetary policy; VAR; Agricultural and Food Policy; Demand and Price Analysis. |
| Ano: 2005 |
URL: http://purl.umn.edu/10239 |
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| Awokuse, Titus O.; Bessler, David A.. |
| The paper considers the use of directed acyclic graphs (DAGs), and their construction from observational data with PC-algorithm TETRAD II, in providing over-identifying restrictions on the innovations from a vector autoregression. Results from Sims’ 1986 model of the US economy are replicated and compared using these data-driven techniques. The directed graph results show Sims’ six-variable VAR is not rich enough to provide an unambiguous ordering at usual levels of statistical significance. A significance level in the neighborhood of 30 % is required to find a clear structural ordering. Although the DAG results are in agreement with Sims’ theory-based model for unemployment, differences are noted for the other five variables: income, money supply, price... |
| Tipo: Journal Article |
Palavras-chave: Vector autoregression; Directed graphs; Policy analysis; Research Methods/ Statistical Methods; C1; E1. |
| Ano: 2003 |
URL: http://purl.umn.edu/44001 |
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| Awokuse, Titus O.. |
| Previous studies on post-reform market performance of Chinese grain markets have produced mixed results. This paper employs province-level price data to determine if China's food market liberalization policies in the 1990s resulted in interregional rice market integration. Furthermore, this study extends the literature on spatial market integration by augmenting multivariate cointegration modeling techniques with directed acyclic models (DAGs), a recently developed statistical method for analyzing contemporaneous causal relationships. While the empirical results confirm the existence of strong market linkages subsequent to the reforms of the early 19902, the linkages became less as the Chinese government reversed several reform policies in the mid-1990s.... |
| Tipo: Journal Article |
Palavras-chave: Directed acyclic graphs; Grain prices; Interregional trade; Market liberalization; Spatial price dynamics; Marketing. |
| Ano: 2007 |
URL: http://purl.umn.edu/8603 |
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| Awokuse, Titus O.. |
| Empirical evidence linking exports to economic growth has been mixed and inconclusive. This study re-examine the export-led growth (ELG) hypothesis for Canada by testing for Granger causality from exports to national output growth using vector error correction models (VECM) and the augmented vector autoregressive (VAR) methodology developed in Toda and Yamamoto (1995). Application of recent developments in time series modeling and the inclusion of relevant variables omitted in previous studies help clarify the contradictory results from prior studies on the Canadian economy. The empirical results suggest that a long-run steady state exists among the model's six variables and that Granger causal flow is unidirectional from real exports to real GDP. |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Development; International Relations/Trade; F43; C32. |
| Ano: 2002 |
URL: http://purl.umn.edu/15823 |
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| Duke, Joshua M.; Awokuse, Titus O.. |
| This paper investigates causation contemporaneously and over time to elucidate the persistent lack of agreement about what "causes" changes in farmland prices. Using recently developed causal modeling framework of directed acyclic graphs (DAGs) and cointegrated (VAR) techniques, the assumed causal structures of existing structural and empirical models are tested directly. The results validate concerns about the nonstationarity of these series. Land price changes are found to respond to a small subset of the oft-cited causes of price change, including macroeconomic variables. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Land Economics/Use. |
| Ano: 2004 |
URL: http://purl.umn.edu/20324 |
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| Registros recuperados: 19 | |
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