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| Sun, Changyou; Kim, Mina; Koo, Won W.; Cho, Guedae; Jin, Hyun Joung. |
| A modified gravity-type model was employed to evaluate the effect of exchange rate volatility on wheat exports worldwide. Special attention was given to the econometric properties of the gravity model within panel framework. Short and long-term measures of exchange rate volatility were constructed and compared. Both measures of exchange rate volatility have exhibited a negative effect on world wheat trade and the long-term effect was even larger. This result implies that exchange rate volatility is an important factor in explaining the trade pattern of wheat trade worldwide. Keywords: wheat, export, exchange rate, volatility, gravity model, and panel data. |
| Tipo: Conference Paper or Presentation |
Palavras-chave: Wheat; Export; Exchange rate; Volatility; Gravity model; And panel data.; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/19766 |
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| Mattson, Jeremy W.; Sun, Changyou; Koo, Won W.. |
| The world of oilseeds, meals, and oils has been evolving. New issues have emerged for researchers and policymakers. The United States is still the largest player, mainly due to its dominant position in soybeans and soybean meals. Nevertheless, the position of the United States has been challenged by several countries. The growth by Brazil and Argentina in the production of soybeans and soybean meal has especially eroded the market share of the United States in recent years. Malaysia and Indonesia have been aggressively marketing their palm oil, intensifying the competition for U.S. soybean oil exports. Other issues include changing trade policies and demand in major importing countries, trade liberalization, and genetically modified crops. |
| Tipo: Working or Discussion Paper |
Palavras-chave: Oilseeds; Soybeans; Brazil; Argentina; Trade; Crop Production/Industries. |
| Ano: 2004 |
URL: http://purl.umn.edu/23621 |
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| Sun, Changyou; Koo, Won W.. |
| Intra-industry trade (IIT) in the U.S. food processing industry is evaluated in this study. The IIT index is disentangled into horizontal and vertical components and evaluated at 6-digit HTS product levels. The degree of IIT varies across different trading partners and sub-industries, and, for the U.S. food processing industry as a whole, it has been steadily increasing since 1989. Most of the IIT in the U.S. food processing industry is vertical in nature. However, horizontal IIT has been increasing faster than vertical IIT. The determinants of horizontal and vertical IIT are examined in a multiple-industry and multiple-country model. Industry characteristics show more significant effects on IIT than country characteristics. Product differentiation, market... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Industrial Organization; International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/23629 |
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| Sun, Changyou; Jin, Hyun Joung; Koo, Won W.. |
| Productivity spillovers in the U.S. food processing industry resulting from inward foreign direct investment (FDI) were examined for the time period of 1988 to 1992. Both Caves-type (unidirectional) and simultaneous (bidirectional) spillover models were considered in the analysis. Using the Caves-type spillovers model, foreign investment was found to have significantly negative spillovers. The technology gap between U.S. firms and foreign firms in the food processing industry was small, and it was positively related to the productivity growth. The simultaneous equation model revealed that spillovers were bi-directional in the U.S. food processing industry. The demonstration effect from foreign presence was negative, but the competition effect had even... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International Relations/Trade. |
| Ano: 2002 |
URL: http://purl.umn.edu/23596 |
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