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| Mao, Weining; Koo, Won W.; Krause, Mark A.. |
| A spatial equilibrium model based on a quadratic programming algorithm was developed to analyze world feed barley trade and international competition among major exporters (Australia, Canada, the European Union, and the United States) under the current and alternative trade policy scenarios. The U.S. Export Enhancement Program (EEP) plays an important role to maintain U.S. market share in importing countries. Eliminating Canadian rail subsidy decreases Canadian offshore exports, but greatly increases its exports to the United States. The North American Free Trade Agreement (NAFTA) increases feed barley trade within North America, but has little impact on world trade flows for feed barley. Canada benefits most under the Uruguay Round Agreement of GATT... |
| Tipo: Working or Discussion Paper |
Palavras-chave: Feed barley; International grain trade; Trade policy; Spatial equilibrium model; International Relations/Trade. |
| Ano: 1996 |
URL: http://purl.umn.edu/23272 |
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| Jin, Hyun Joung; Koo, Won W.. |
| This study explores the role of hedging costs in offshore hedging to minimize the risks associated with fluctuations in commodity export prices and exchange rates in international grain trade. The study focuses on three areas: (1) the effects of hedging costs in both commodity and currency futures hedging, (2) the relationship between hedging cost and trade volume of a grain, and (3) a prescriptive hedging strategy for Japanese wheat importers in the commodity and currency futures markets. A demand system for futures hedging is presented and the effect of hedging cost on the model is analyzed. The model is applied to a representative wheat importer in Japan. Demand for futures is estimated under different levels of hedging costs in both commodity and... |
| Tipo: Working or Discussion Paper |
Palavras-chave: International grain trade; Risk management; Offshore futures hedging; Hedging cost; Marketing. |
| Ano: 2002 |
URL: http://purl.umn.edu/23592 |
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| Jin, Hyun Joung; Cho, Guedae; Koo, Won W.. |
| An import demand model, augmented with third-country effect variables, is developed to examine the effects of strong U.S. dollar, volatility of the U.S. dollar, and competition among the exporting countries on the shares of U.S. wheat in Asian markets. In the empirical model, the dependent variable is the market shares of U.S. wheat. Explanatory variables include wheat prices of exporting countries, exchange rates between the importing and exporting countries, and volatilities of the exchange rates. Panel estimation results show that the U.S. currency values and volatility, Australian wheat price, and the volatilities of Canadian and Australian currency values have significant effects on U.S. market shares. |
| Tipo: Journal Article |
Palavras-chave: Exchange rate; International grain trade; Market share; Panel analysis; Panel unit-root test; Third country effect; F14; Q17. |
| Ano: 2004 |
URL: http://purl.umn.edu/43478 |
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