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| Registros recuperados: 29 | |
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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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| 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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| Schmitz, Andrew; Seale, James L., Jr.; Schmitz, Troy G.. |
| Sugar is a major commodity, produced and traded around the world, but it is no longer the only sweetener. For example, in the United States, roughly 50 percent of the sweetener market is made up of high fructose corn syrup (HFCS), which is also making inroads into Mexico. This is not the case, however, for the European Union and countries such as Brazil, which dominates the world sugar market in almost all aspects (Schmitz, 2002). In the United States, 8 to 10 percent of the U.S. corn crop goes into HFCS production, with roughly the same percentage of corn being used for the production of ethanol (Schmitz and Polopolous, 1999). In Brazil, however, sugarcane, rather than corn, is used in the production of ethanol. Because of relative price differences for... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade; Resource /Energy Economics and Policy. |
| Ano: 2003 |
URL: http://purl.umn.edu/15666 |
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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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| Chen, Dongling; Seale, James L., Jr.. |
| We fit the Florida Model with an AR(1) error structure to pooled cross-country International Comparison Project (ICP) data of Seale, Walker, and Kim and estimate the model with the minimum information (MI) estimator. Point estimates obtained by MI are similar in value to those obtained by Seale, Walker, and Kim with maximum likelihood (ML). Two similar simulations but with different sample sizes are conducted to compare the relative efficiencies of MI and ML with known and unknown (MLU) covariances. In the larger sample, the MLU is more efficient in terms of root-mean-squared errors (RMSEs) than the MI. Noteworthy, in the small sample, the MI is more efficient in terms of RMSEs than MLU, even though MLU explicitly accounts for AR(1), whereas the MI... |
| Tipo: Journal Article |
Palavras-chave: Autocorrelation; Cross-country demand; Maximum likelihood; Minimum information; Pooled data. |
| Ano: 2003 |
URL: http://purl.umn.edu/43294 |
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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 1971-1997, 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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| 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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| Registros recuperados: 29 | |
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