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A COMPARATIVE ANALYSIS OF AGRICULTURAL TRACTOR INVESTMENT MODELS AgEcon
Vanzetti, David; Quiggin, John C..
An implicit rental price approach is used to analyse the determinants of farm tractor investment at the aggregate level. Three models, based on different assumed factor substitutabilities, are compared. Variations in the rental price of tractors appear to have less effect on demand than variations in factors affecting the profitability of the cropping enterprise as a whole. The implications for forecasting and for policy instruments, such as the investment allowance, are discussed.
Tipo: Journal Article Palavras-chave: Demand and Price Analysis; Research Methods/ Statistical Methods.
Ano: 1985 URL: http://purl.umn.edu/22521
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A comparison of Indonesian and Vietnamese approaches to agriculture in the ASEAN-China FTA AgEcon
Vanzetti, David; Setyoko, Nur Rakhman; Ngoc Que, Nguyen; Trewin, Ray.
Both Indonesia and Vietnam, as members of ASEAN, have negotiated a free trade agreement with China (ACFTA). ASEAN Member States can independently negotiate their tariff reductions. Both countries are generally aware of the opportunities access to the large Chinese market may present, but both are concerned to differing degrees about being flooded with Chinese imports, including agricultural products. As the time for implementation approaches, Indonesia has expressed a desire to renegotiate its tariff reduction schedules to protect sensitive sectors, including agriculture. By contrast, Vietnam, just over the border from China and with a history of informal trade, seems more accepting of the prospects. A global general equilibrium model, GTAP, is used to...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2011 URL: http://purl.umn.edu/101002
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Book reviews AgEcon
Windle, Jill; Wilson, John K.; Vanzetti, David; Asafu-Adjaye, John.
Tipo: Journal Article Palavras-chave: Teaching/Communication/Extension/Profession.
Ano: 2006 URL: http://purl.umn.edu/116984
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Chicken Supreme: How the Indonesian Poultry Sector Can Survive Avian Influenza AgEcon
Vanzetti, David.
Avian influenza is a deadly disease that can spread rapidly through poultry. There are many documented cases of transmission from birds to people, but as yet only rare instances of human to human transmission. Nonetheless, public health officials are concerned about the possibility of a human pandemic, and many countries have policies of banning imports of live birds and poultry meat from infected regions. The potential impacts on Indonesia of a production shock, a shift in consumption or a trade ban are assessed using a heterogeneous product model where imports are differentiated by source. Empirical results suggest the likely trade impacts in Indonesia are minimal because its trade is a small share of production.
Tipo: Conference Paper or Presentation Palavras-chave: Avian Influenza; Trade; Poultry; Indonesia; Livestock Production/Industries; F13; Q17.
Ano: 2007 URL: http://purl.umn.edu/10384
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Cold Storage: Why Doha Failed AgEcon
Vanzetti, David; Peters, Ralf.
The WTO negotiations on agriculture were placed in cold storage in July 2008 although 18 of the 20 major agenda items had been agreed. The sticking point was the safeguard measures to control import surges, while the final issue, relating to domestic support for US cotton, was not addressed. Quantitative analysis of the numbers on the table indicate that improvements in market access in the European Union and Japan drive changes in exports and welfare, whereas special safeguard measures, export subsidies, domestic support and special products appear to be of lesser importance. Many developing countries, including most LDCs, would enjoy export gains but experience welfare losses because of higher import prices.
Tipo: Conference Paper or Presentation
Ano: 2009 URL: http://purl.umn.edu/47645
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Do Sensitive Products Undermine Ambition? AgEcon
Vanzetti, David; Peters, Ralf.
The long-running WTO negotiations remain unresolved. Agriculture is the main stumbling block. Members have agreed to linear tariff reductions within bands, but proposed exemptions for sensitive products, while providing for much needed flexibility, threaten to undermine the ambition. A detailed partial equilibrium global agricultural trade model is used to analyse the likely impact of exemptions from the formula tariff reductions. Applying one third of the formula cuts to the five per cent of lines with the highest tariffs increases the final developed country average agricultural tariff from 16 to 24 per cent but the negative impacts on trade and welfare are less dramatic.
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Trade; Tariffs; WTO; International Relations/Trade; F13; Q17.
Ano: 2008 URL: http://purl.umn.edu/6044
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Duty-free and quota-free market access for LDCs AgEcon
Vanzetti, David; Peters, Ralf.
Developed countries have agreed to provide duty free and quota free access to imports from LDCs covered by 97 per cent of tariff lines. However, LDCs would like to extend the agreement to 100 per cent coverage, since 3 per cent of tariff lines can cover a substantial proportion of LDC exports. Products of major interest include textiles and clothing and agricultural goods such as rice, oilseeds, sugar and bananas. The potential trade and welfare impacts of expanding the coverage are analysed using a general equilibrium model. Estimates indicate LDCs stand to gain $7.5 billion in additional exports.
Tipo: Conference Paper or Presentation Palavras-chave: WTO negotiations; Trade; Agricultural tariffs.
Ano: 2009 URL: http://purl.umn.edu/47646
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Impact of Tariff Reductions in NAMA and Agriculture WTO Negotiations on GCC Common External Tariffs AgEcon
Vanzetti, David; Peters, Ralf.
The Gulf countries (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates) have a common external tariff that is unusually low with the exception of selected products such as alcohol and tobacco. As exporters of oil and gas and importers of agricultural products, the GCC is interested in the impacts of tariffs reductions in these products following the eventual completion of the Doha round. Of particular interest are four sectors (raw materials, gas-related goods, fisheries and chemicals), in which it is hoped tariffs will be eliminated. This will improve market access for the GCC countries, but it may also increase the competition depending on the initial bilateral tariffs. In agriculture, rising import prices driven by policy changes...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/59175
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Indonesian agricultural trade policy at the crossroads AgEcon
Oktaviani, Rina; Setyoko, Nur Rakhman; Vanzetti, David.
Following the global spike in food prices in 2008, there is renewed interest in Indonesia in self-sufficiency as a means of achieving food security. Restrictive trade policies, including specific tariffs on rice and sugar, and quantitative restrictions on imports and exports, have been used in an attempt to meet conflicting objectives of assisting both producers and consumers. Meanwhile, palm oil exports to the European Union are constrained by the importer's concerns about deforestation and its contribution to climate change. Similar constraints may be applied to other commodities as production moves into pristine areas in an attempt to maintain self-sufficiency. On the other hand, more open trade may offer better options to address any...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Trade; Indonesia; International Relations/Trade; F13; Q17..
Ano: 2010 URL: http://purl.umn.edu/59109
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MAKING SENSE OF AGRICULTURAL TRADE POLICY REFORM AgEcon
Vanzetti, David; Peters, Ralf.
Proposals for agricultural trade reform put forward by the main protagonists remain far apart, with little sign of convergence. In an attempt to progress the negotiations towards a successful outcome, the chairman of the WTO Committee on Agriculture has proposed a compromise. The alternative proposals by the United States, the European Union and the WTO are analysed with the Agricultural Trade Policy Simulation Model, a static, multi-commodity, multi-region, partial equilibrium trade model. The estimated annual global welfare gains are $26 billion, $12 billion and $17 billion respectively. Least developed countries, as a group, gain from the US proposal but are made worse off under the WTO and EU proposals. Furthermore, in the best case many...
Tipo: Conference Paper or Presentation Palavras-chave: Agriculture; Trade; Modelling; Negotiations; International Relations/Trade; F13; Q17.
Ano: 2003 URL: http://purl.umn.edu/25858
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Nothing to Declare: Duty-free access to imports from LDCs AgEcon
Vanzetti, David; Peters, Ralf.
Developed countries have agreed to provide duty free and quota free access to imports from LDCs covered by 97 per cent of tariff lines. However, LDCs would like to extend the agreement to 100 per cent coverage, since 3 per cent of tariff lines can cover a substantial proportion of LDC exports. Products of major interest include textiles and clothing and agricultural goods such as rice, oilseeds, sugar and bananas. The potential trade and welfare impacts of expanding the coverage are analysed using a global general equilibrium model. Updated estimates indicate LDCs stand to gain $4.2 billion in additional exports, the bulk of which accrues to Bangladesh, Cambodia and West Africa. A further $1.8 billion increase in exports could be obtained if LDCs had duty...
Tipo: Presentation Palavras-chave: WTO negotiations; Trade; Tariffs; International Relations/Trade.
Ano: 2012 URL: http://purl.umn.edu/124469
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Optimal Retaliation in International Commodity Markets AgEcon
Vanzetti, David; Kennedy, John O.S..
Retaliation and other strategic trade policies can be readily observed in world commodity markets. Strategic behaviour can be analysed with game-theoretic models. Game theory is used to assess the effects of retaliation, given that traders assume that rivals will respond to any policy change. Estimates of expected responses are obtained for each trading bloc, and are included in regional welfare functions. These are used to derive a market-cleaning global equilibrium in which domestic prices, trade flow and welfare distribution in each region are determined. Market power among importers relative to exporters determines the effect of changes in expectations of retaliation on optimal trade policies and trade flows. The analysis is applied to a twenty-one...
Tipo: Journal Article Palavras-chave: Marketing.
Ano: 1989 URL: http://purl.umn.edu/12443
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Optimum Level and Welfare Effects of Export Taxes for Cocoa Beans in Indonesia: A Partial Equilibrium Approach AgEcon
Permani, Risti; Vanzetti, David; Setyoko, Nur Rakhman.
Aiming to support downstream processing, the Indonesian government announced an export tax in May 2010. Using a partial equilibrium approach, this paper therefore attempts to analyse: (i) whether the Indonesian government has imposed optimal taxes on cocoa beans; (ii) the impacts of cocoa export taxes on domestic welfare. In particular, it attempts to develop a two-stage partial equilibrium welfare analysis in which effects of policy for upstream sectors may affect downstream sectors. The study also presents thorough econometric estimates of import demand, export supply, Armington and cross elasticities using the Vector Error Correction Model (VECM) to deal with cointegration and simultaneity issues. A literature search suggests that existing studies not...
Tipo: Conference Paper or Presentation Palavras-chave: Cocoa; Indonesia; Export taxes; Partial equilibrium analysis; Welfare effects; Vector error correcting method.; International Relations/Trade; F17.
Ano: 2011 URL: http://purl.umn.edu/100695
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Potential Impacts of WTO Accession on the Agribusiness Sector in Bosnia and Herzegovina AgEcon
Vanzetti, David; Nikolic, Aleksandra.
Bosnia Herzegovina (BH) is in the process of joining the World Trade Organization in the near future and the European Union in the medium term. As a net agriculture and food importer, accession will require BH to expose some of its inefficient and sensitive agricultural industries, such as meat and dairy products, to international competition. A bilateral trade model is used to estimate the potentially negative impacts of accession on production and trade in several specific sectors. According to the research results, BH imports are estimated to increase, driven by the livestock products sector. Exports are only marginally affected. A drop in overall customs revenues is expected. BH is expected to experience a small reduction in agricultural sector welfare...
Tipo: Conference Paper or Presentation Palavras-chave: Bosnia Herzegovina; WTO accession; Trade; Agricultural tariffs; Agribusiness; International Relations/Trade.
Ano: 2011 URL: http://purl.umn.edu/114611
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Rural-Urban Migration and Vietnamese Agriculture AgEcon
Brennan, Donna C.; Petersen, Elizabeth H.; Que, Nguyen Ngoc; Vanzetti, David.
Vietnam has achieved remarkable economic growth since it liberalised its markets, and further economic growth and opportunities are predicted both within and outside the agriculture sector. However, growth has not been evenly distributed across regions and significant structural adjustment pressures are expected in the medium to long term. A dynamic, eight region, 13 commodity, non-linear programming model of Vietnam’s agricultural sector is used to analyse the likely impact of a change in rural-urban migration on agricultural production, prices, trade and regional incomes.
Tipo: Presentation Palavras-chave: Community/Rural/Urban Development.
Ano: 2012 URL: http://purl.umn.edu/124405
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Tariff Escalation in the Doha Talks--Bringing the Issue to Resolution AgEcon
Wainio, John; Vanzetti, David.
Development objectives dictate that the Doha negotiations address tariff escalation. This could increase the production and export of processed goods in developing countries, expand investment and employment, and reduce dependence on primary product exports. Despite its importance, little progress has been made, notwithstanding that a final resolution to the negotiations will not be possible without bringing this issue to resolution. This paper quantifies tariff escalation within WTO members' tariff schedules and the degree to which a tiered formula could address this problem. Utilizing a detailed partial equilibrium global agricultural trade model we estimate the possible gains to developing countries from reducing tariff escalation.
Tipo: Conference Paper or Presentation Palavras-chave: Tariff escalation; Agriculture; Trade; Tariffs; WTO; International Relations/Trade; F13; Q17.
Ano: 2008 URL: http://purl.umn.edu/6034
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Temporary Migration, Remittances and Agriculture AgEcon
Vanzetti, David.
Discussions within the World Trade Organization on the temporary movement of labour across borders have met with limited success, in spite of the potential benefits to both home and destination countries. Developed countries have been reluctant to allow increased immigration because of concerns about the social and economic impacts of integrating foreign workers. Recently available bilateral data on current migration flows, differences in wages and remittances makes it possible to estimate the potential impacts of temporary migration on wages and national income. Using a general equilibrium model that separates skilled and unskilled labour, we show that a three per cent increase in the labour force due to increased migration would increase national income...
Tipo: Conference Paper or Presentation Palavras-chave: Migration; Trade; GATS mode 4; International Development; F13; Q17.
Ano: 2010 URL: http://purl.umn.edu/59174
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The impact of the stimulus package on the agricultural sector in Vietnam AgEcon
Trang, Truong Thi Thu; Vanzetti, David.
The global financial crisis in 2008-2009 has affected almost all countries. Vietnam was hit by a large fall in export demand and foreign direct investment. Many governments quickly prescribed stimulus packages and Vietnam was no exception. It reduced taxes and increased government spending, mainly by subsidizing loans to state-owned enterprises. The question is what the stimulated impact is, if any, and whether a better outcome could have been achieved by a different mix of policies. In this paper, we use a simple general equilibrium model to quantify the impact of the various components of the stimulus package on the whole economy as well as agricultural sector. The results suggest that, in the short run at least, the stimulus package marginally...
Tipo: Conference Paper or Presentation Palavras-chave: Vietnam; Fiscal stimulus; Agriculture; International Development; Public Economics; E62; D58; Q17.
Ano: 2011 URL: http://purl.umn.edu/100722
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The welfare of small livestock producers in Vietnam under trade liberalisation-- Integration of trade and household models AgEcon
Linh, Pham Thi Ngoc; Burton, Michael P.; Vanzetti, David.
Vietnam has negotiated a series of bilateral and multilateral trade agreements and has made significant steps in integrating into the world economy. This integration is likely to have both positive and negative effects on different stakeholders in the economy. This paper seeks to measure the effects on the welfare of Vietnam’s small livestock producers' by linking a household model and the GTAP trade model. A GTAP utility SplitCom is used to separate out pig and poultry prior to several trade liberalisation scenarios being run. A recursive household model with a two-stage LES-AIDS model on consumption side and Cobb-Douglas functions on production side are used. Impacts of likely changes in the prices of inputs and outputs arising from different trade...
Tipo: Conference Paper or Presentation Palavras-chave: International Relations/Trade; Livestock Production/Industries.
Ano: 2008 URL: http://purl.umn.edu/6023
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Trade and employment linkages in Indonesian Agriculture AgEcon
Vanzetti, David; Oktaviani, Rina.
Trade negotiators are concerned about the possible negative effects of trade liberalisation on employment in specific sectors. The agricultural sector has characteristics that make it different from industrial or service sectors. These are an informal labour force, low productivity, relative absence of regulations and a tie to land. These characteristics help the sector adjust to trade shocks. In this application, a global computable general equilibrium model is used to determine trade shocks that are passed to a single country general equilibrium model to analyse employment and wage effects for four skills levels in Indonesian agriculture. Employment tends to move with output in the primary agricultural sector where capital-labour substitution is...
Tipo: Conference Paper or Presentation Palavras-chave: Indonesia; Agriculture; Trade; Employment; Agricultural and Food Policy; International Relations/Trade; F16; Q17.
Ano: 2011 URL: http://purl.umn.edu/100724
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