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Registros recuperados: 38
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IMPORT PRICES AND HARD CURRENCY CONSTRAINTS IN EASTERN EUROPE: IMPLICATIONS FOR COARSE GRAIN IMPORTS AND PRODUCTION OF MEAT AgEcon
Garcia, Roberto J.; Miljkovic, Dragan; Gomez, Miguel I..
The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall imports and coarse grain imports in command economies; (b) to measure the importance of import prices on grain imports and to trace the link of grain availability to meat production; and (c) to determine how economic and political reforms in the selected countries may have affected the hard currency constraint, the importance of import prices, and grain imports and meat production. The results indicate that import demand was constrained by earnings of hard currency, but was not responsive to world prices, and meat production was affected by total grain availability, including imports.
Tipo: Journal Article Palavras-chave: Coarse grain imports; Hard currency; Eastern Europe; Import prices; Meat production; Political reforms; International Relations/Trade.
Ano: 1998 URL: http://purl.umn.edu/15085
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Income Effects on the Trade Balance in the United States: Analysis by Sector AgEcon
Miljkovic, Dragan; Paul, Rodney.
This study examines the causes of the countercyclicality of the trade balance in the three major sectors of the U.S. economy: services, manufacturing, and agriculture. These results are compared with the results pertinent to the U.S. economy as a whole. At the macroscopic level, Sachs’ hypothesis seems to explain the countercyclicality of the trade balance, while results are mixed across individual sectors. The services sector may be explained by Sachs’ hypothesis, while results for the manufacturing sector are more consistent with the real business cycle hypothesis. The results for the agricultural sector, however, cannot be explained by either hypothesis.
Tipo: Journal Article Palavras-chave: Decomposition of variance; Real business cycle; Trade balance; Agribusiness; International Relations/Trade; F4; E32.
Ano: 2008 URL: http://purl.umn.edu/47271
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The Effects of Trivial Attributes on Choice of Food Products AgEcon
Miljkovic, Dragan; Gong, Jian; Lehrke, Linda.
Trivial or irrelevant attributes are defined as attributes that do not create a meaningful difference in a brand’s performance. The objective of this paper is to determine if and how trivial attributes affect consumers in their choice of variety/brands of food products including frozen green beans, orange juice, canola oil, and frosted strawberry toaster pastries. Sixty subjects participated in the experiment. Subjects understood that trivial attributes are less important than substantive attributes. Substantive (important) quality attributes and economic variables affecting choice were all perceived equal across brands by the subjects in the experiment. Two critical driving forces in determining the presence and direction of the effect of a trivial...
Tipo: Journal Article Palavras-chave: Consumer choice; Food products; Product attributes; Promotional attributes; Choice set size; Trivial attributes; Agribusiness.
Ano: 2009 URL: http://purl.umn.edu/55557
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The Impact of Trade Openness on Technical Efficiency in U.S. Agriculture AgEcon
Miljkovic, Dragan; Shaik, Saleem.
This study addresses the impact of trade openness on technical efficiency in the U.S. agricultural sector. The results indicate that trade protectionism illustrated with a decrease in the share of agricultural imports in agricultural GDP led to an increase in technical efficiency. A change in the share of agricultural exports in agricultural GDP had no impact on technical efficiency. These results are partially consistent with the premise of the new trade theory, but also seem to be driven by the intricacies of the agricultural sector and agricultural policy in the United States and internationally.
Tipo: Report Palavras-chave: Agricultural Finance; International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/95749
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Data Aggregation and Information Loss AgEcon
McKee, Gregory J.; Miljkovic, Dragan.
Analysts often use a single average or otherwise aggregated price series to represent several geographic or product markets even when disaggregate data are available. We hypothesize that such an approach may not be appropriate under some circumstances, such as when only long-term relationships hold among price series or when homogeneous but relatively perishable products are considered. This question is of particular relevance in agriculture because of seasonality in production and harvest across various production regions, and the effect of changes in demand as substitute crops become available. We analyze this question in the context of fresh strawberry production. We find that in the case of the strawberry market, aggregate series are appropriate for...
Tipo: Conference Paper or Presentation Palavras-chave: Strawberry; Price; Cointegration; Granger causality; Average price; Research Methods/ Statistical Methods.
Ano: 2007 URL: http://purl.umn.edu/9843
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Effects of Japanese Import Demand on U.S. Livestock Prices: Reply AgEcon
Miljkovic, Dragan; Marsh, John M.; Brester, Gary W..
In responding to a comment article, we concur that quantifying U.S. livestock price response to changing Japanese met import demand requires nonzero supply elasticities beyond one quarter. However, rigidities in market trade and empirical tests justify the inclusion of exchange rates in the short-run analysis. Producer welfare asymptotically approaches zero for increasing supply elasticities in the long run, but short-run transitions in producer surplus are meaningful to producers.
Tipo: Journal Article Palavras-chave: Exchange rates; Import demand; Supply response; Q17; F14; C32.
Ano: 2004 URL: http://purl.umn.edu/42940
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Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case AgEcon
Onyango, Benjamin M.; Miljkovic, Dragan; Hallman, William K.; Nganje, William E.; Condry, Sarah C.; Cuite, Cara L..
This paper examines public perceptions on food safety particularly relating to spinach, which was subject of countrywide recall in 2006. Results indicate that food safety perceptions may be driven by public trust/confidence in institutions whose activities may be directly or indirectly related to food safety. The results further suggest that food safety perceptions may also be related to the type of the product; for example, the public perceives frozen spinach differently from bagged fresh spinach. Additionally, the results show that low levels of objective knowledge about food pathogens and the resulting illnesses have implications on overall food safety. Results further indicate that females and Caucasians perceived the four types of spinach as safe for...
Tipo: Conference Paper or Presentation Palavras-chave: Food Consumption/Nutrition/Food Safety.
Ano: 2007 URL: http://purl.umn.edu/9679
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TRANSPORTING THE EXPORT-BOUND GRAIN BY RAIL: A STUDY OF MARKET INTEGRATION AgEcon
Miljkovic, Dragan.
This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota and Nebraska) and two destinations (Mexican Gulf and Pacific Northwest) is conducted in order to determine if pricing practices by the same or different railroads in different regions are consistent. A system of structural equations is estimated and dynamic regression tests are conducted because of the dynamic nature of interregional trade and arbitrage activities. The results indicate that grain transportation market by rail is not perfectly integrated. This is primarily due to numerous mergers and combining of railroads that took place during the last twenty...
Tipo: Working or Discussion Paper Palavras-chave: Grain transportation; Market integration; Railroad industry; International Relations/Trade; D4; L1; L9.
Ano: 1999 URL: http://purl.umn.edu/29236
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The Exchange Rate Pass-through into Import Prices: The Case of Japanese Meat Imports AgEcon
Miljkovic, Dragan; Zhuang, Renan.
The effect of exchange rate pass-through on import prices is a question of significant interest to many nations and especially those with permanent trade deficit. Japan is traditional net importer of food products in general and meat products including beef, pork, and poultry in particular. Most of the Japanese meat imports come from a few countries thus making Japan potentially very sensitive to the swings in one or a few bilateral exchange rates. This was the motivation to estimate the exchange rate pass-through effect on meat import prices in Japan. Interestingly, results for different meats differ substantially. For instance, poultry import prices indicate almost complete exchange rate pass-through, while beef import prices indicate partial...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2007 URL: http://purl.umn.edu/9967
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Analysis of Multiple Structural Breaks in Relative Farm Prices in the United States, 1913-2003 AgEcon
Jin, Hyun Joung; Miljkovic, Dragan.
We analyze the movement of farm prices relative to other commodity prices in the period 1913:1-2003:12, investigating the number and time of structural breaks and discussing likely causes of structural breaks in the relative farm prices. Bai and Perron's (1998, 2003) multiple structural change test with a dynamic programming algorithm is used. This test makes it possible to have an efficient computation of the estimates of the break points as global minimizers of the sum of squared residuals. We find 6 structural breaks when we consider only the mean process and 2 breaks when we consider the mean and autoregressive processes. Possible causes for these breaks are discussed.
Tipo: Conference Paper or Presentation Palavras-chave: Farm Prices; Other Commodity Prices; Multiple Structural Breaks; Research Methods/ Statistical Methods; Q11; C22.
Ano: 2005 URL: http://purl.umn.edu/19118
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Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case AgEcon
Onyango, Benjamin M.; Miljkovic, Dragan; Hallman, William K.; Nganje, William E.; Condry, Sarah C.; Cuite, Cara L..
This study analyzes public perceptions of food safety using a national survey conducted in November 2006, soon after the September 2006 nationwide spinach recall. We explore relationships between peoples’ perceived risks of food contamination (spinach in this case) and their trust in the institutions in charge of safeguarding/ensuring safety. Finally, we examine relationships between individual observance of basic good food handling practices and food safety. Trust in institutions through which food passes and regulatory agencies were shown to be critical in determining food safety perceptions. For example, confidence in the USDA as a regulatory agent was viewed positively, and hence contributed toward viewing the four types of spinach as safe for...
Tipo: Journal Article Palavras-chave: Food recalls; Food safety; Public perceptions; Spinach; Agribusiness; Food Consumption/Nutrition/Food Safety.
Ano: 2008 URL: http://purl.umn.edu/90563
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Offsetting Behavior and the Benefits of Food Safety Policies AgEcon
Nganje, William E.; Miljkovic, Dragan; Voica, Daniel; Onyango, Benjamin M..
The net effect of food policies, viewed in terms of reduction of foodborne illness, death and food related diseases from obesity, may sometimes be much smaller than the predicted effect because of failure to account for offsetting behavior (OB). Theoretical and empirical models are developed and tested to determine the presence of dominant or partial OB in food safety policies. Results reveal that information that affects outrage and other determinants of risk perception will cause consumers to relax their vigilance in response to the food safety policy. This behavioral anomaly indicates a serious deviation from rational choice and may help explain the growing gap between the decrease in pathogen levels recorded after hazard analysis of critical control...
Tipo: Report Palavras-chave: Offsetting behavior; Food safety policies; Risk perception; Discrete choice models; Food Consumption/Nutrition/Food Safety.
Ano: 2007 URL: http://purl.umn.edu/7637
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JAPANESE IMPORT DEMAND FOR U.S. BEEF AND PORK: EFFECTS ON U.S. RED MEAT EXPORTS AND LIVESTOCK PRICES AgEcon
Miljkovic, Dragan; Marsh, John M.; Brester, Gary W..
Japanese import demand for U.S. beef and pork products and the effects on domestic livestock prices are econometrically estimated. Japan is the most important export market for U.S. beef and pork products. Results indicate foreign income, exchange rates, and protectionist measures are statistically significant. The comparative statistics quantify the effects of recent economic volatility. For example, the 1995-1998 depreciation in the Japanese yen (39%) reduced U.S. slaughter steer and hog prices by $1.29 per cwt and $0.99 per cwt, respectively, while the 1994-1998 reduction in tariffs (14%) increased slaughter steer and hog prices by $0.49 per cwt and $0.33 per cwt, respectively. Livestock producers will continue to have a vested interest in Asian...
Tipo: Journal Article Palavras-chave: Elasticities; Exchange rates; Import demand; Income; Tariffs; Demand and Price Analysis; Q17; F14; C32.
Ano: 2002 URL: http://purl.umn.edu/15072
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THE KYOTO PROTOCOL: ECONOMIC EFFECTS OF ENERGY PRICES ON NORTHERN PLAINS DRYLAND GRAIN PRODUCTION AgEcon
Antle, John M.; Capalbo, Susan Marie; Johnson, James B.; Miljkovic, Dragan.
This study examined possible economic impacts on Northern Plains grain producers of policies that could be undertaken by the United States to comply with the Kyoto Protocol. The paper begins with a discussion of the potential effects of the Kyoto Protocol on prices of energy and inputs used in agricultural production. The next section describes the data and econometric models that were used to develop a field-scale, stochastic simulation model of the crop production system typical of the Northern Plains. This model is based on econometric production models estimated with a spatially referenced, statistically representative sample of farmers in Montana. The simulation analysis shows that the impacts of higher energy prices would tend to discourage the use...
Tipo: Journal Article Palavras-chave: Resource /Energy Economics and Policy.
Ano: 1999 URL: http://purl.umn.edu/31494
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EMPLOYMENT IN AGRIBUSINESS AND PURCHASES OF AGRICULTURAL PRODUCTS: THE EFFECTS OF MONETIZATION IN YUGOSLAVIA AgEcon
Miljkovic, Dragan; Garcia, Roberto J..
Efforts to stabilized employment and output in the agricultural sector of Yugoslavia through monetization contributed to inflationary pressures. Granger causality tests suggested that increases in the rate of growth in the supply of money to subsidize state-owned agribusiness were insufficient to maintain purchases of wheat and corn, but did cause purchases of cattle and swine. This result may be explained by producers having more flexibility in grain marketing (i.e., storage options and private buyers) and the perishability issues related to livestock marketing. The policy to maintain employment through monetization is shown to have been ineffective.
Tipo: Journal Article Palavras-chave: Agribusiness; Employment; Granger causality; Inflation; Money supply; State purchases; Yugoslavia; Agribusiness.
Ano: 1996 URL: http://purl.umn.edu/15123
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Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case AgEcon
Onyango, Benjamin M.; Miljkovic, Dragan; Hallman, William K.; Nganje, William E.; Condry, Sarah C.; Cuite, Cara L..
This study analyzes public perceptions on food safety using a national survey conducted soon after the nationwide spinach recall (November 2006). We explore relationships between peoples' perceived risks of food contamination (spinach in this case) and their trust in the institutions in charge of safeguarding/ensuring safety. Finally, we explore relationships between individual observance of basic good food handling practices and food safety. Trust in institutions through which food passes and regulatory agencies were shown to be critical in determining food safety perceptions. For example, skepticism with which the public views food corporations (processors, transporters or retailers) impacted food safety perceptions negatively. On the other, confidence...
Tipo: Working or Discussion Paper Palavras-chave: Food recalls; Food safety; Public perceptions; Spinach; Food Consumption/Nutrition/Food Safety.
Ano: 2007 URL: http://purl.umn.edu/10004
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Food safety risk perceptions as a tool for market segmentation: The USA poultry meat market AgEcon
Onyango, Benjamin M.; Rimal, Arbindra; Miljkovic, Dragan; Hallman, William K..
This study uses data from a 2006 survey on potential AI outbreak in USA to explore application of risk perceptions as a segmentation tool in the poultry meat market. Preliminary results from principal component analysis (PCA) suggest that the poultry meat specific safety level will drive people consumption choices in AI outbreak. Based on the perceived safety level, poultry meat product market was categorized into: (1) the home cooked and familiar brands; (2) the technological/novel; and (3) organic/fast food poultry products. The results further show differential public trust AI advice across institutions.
Tipo: Conference Paper or Presentation Palavras-chave: Avian Influenza; Market segmentation; Poultry industry; Agribusiness; Consumer/Household Economics; Food Consumption/Nutrition/Food Safety.
Ano: 2009 URL: http://purl.umn.edu/46743
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The Role of Productivity Growth and Farmers' Income Protection Policies in the Decline of Relative Farm Prices in the United States AgEcon
Miljkovic, Dragan; Jin, Hyun Joung; Paul, Rodney.
The paper emphasizes three interrelated questions about the decline in relative farm to non-farm prices in the United States since 1973; 1) Is it unusual, 2) What caused it, and 3) Is it likely to continue? We find that based on historical and international evidence this phenomenon may be considered unusual. Separating farm price and income support in 1973 and growing relative productivity in agriculture has been the major contributor to changing the trend of the relative farm goods inflation. This trend is likely to continue based on predicted steady growth of relative agricultural productivity and continuation of direct payments and other forms of farm income support policies.
Tipo: Working or Discussion Paper Palavras-chave: Government transfers; Productivity growth; Relative farm prices; Agricultural and Food Policy; Agricultural Finance; Productivity Analysis.
Ano: 2007 URL: http://purl.umn.edu/9368
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Import Demand for Quality in the Japanese Beef Market AgEcon
Miljkovic, Dragan; Jin, Hyun Joung.
The case of reduction in ad valorem tariffs as a trade liberalization policy is considered in this article. It is shown that the reduction leads to a higher quality of imports, ceteris paribus. This hypothesis was tested on the case of Japanese beef imports from the United States and Australia. U.S. beef, according to the results of Gallup surveys, is considered by Japanese consumers to be a high quality product, while Australian beef is considered to be a low quality product. Empirical results support the hypothesis. Moreover, the recent domination of U.S. beef in the Japanese market is further explained by increasingly more efficient U.S. beef production relative to Australian production and a strong income effect, where an increase in per capita income...
Tipo: Journal Article Palavras-chave: Ad valorem tariff; Beef imports; Japan; Quality; Trade liberalization; International Relations/Trade.
Ano: 2006 URL: http://purl.umn.edu/10222
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Obesity: Health and Food Policy Dilemma AgEcon
Miljkovic, Dragan.
Tipo: Journal Article Palavras-chave: Food Consumption/Nutrition/Food Safety; Health Economics and Policy; I12; Q18.
Ano: 2006 URL: http://purl.umn.edu/94432
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