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| Reeder, John; Torene, Jillian A.; Jabara, Cathy L.; Babula, Ronald A.. |
| Since the mid-1990s, the two regional trade agreements in South America, the southern Mercosur Pact (among Brazil, Argentina, Paraguay and Uruguay), and the northern Andean Pact (among Venezuela, Colombia, Ecuador, Bolivia, and Peru) noticeably affected certain trade patterns between the two pacts' members and with the United States for various reasons discussed herein. The effect of trade diversion owing to the Andean Pact with its common external tariff and price band system against non-Andean products was examined for soybean and soybean meal imports into Venezuela historically an important market for U.S. products. As well, the recent combining of Mercosur and Andean nations into a single regional trade agreement is likely to further adversely affect... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Venezuela; Soybeans; Soybean meal; Trade diversion; Mercosur; Andean Pact; U.S. exports; Armington-type import model; Price bands; Regional trade agreements; International Relations/Trade. |
| Ano: 2005 |
URL: http://purl.umn.edu/15882 |
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| Babula, Ronald A.; Bessler, David A.; Reeder, John; Somwaru, Agapi. |
| Advanced methods that combine directed acyclic graphs with Bernanke structural vector autoregression models are applied to a monthly system of three U.S. soy-based markets: for soybeans upstream and for the two soybean co-products soy meal and soy oil further downstream. Analyses of the impulse-response function and forecast error variance decompositions provide updated estimates of market-elasticity parameters that drive these markets and updated policy-relevant information on how these monthly markets run and dynamically interact. Results characterize impacts on the three U.S. soy-based markets of increases in U.S. prices of soy meal and soybeans. |
| Tipo: Journal Article |
Palavras-chave: Industrial Organization. |
| Ano: 2004 |
URL: http://purl.umn.edu/27559 |
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