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ANALYSIS OF INTEGRATION BETWEEN QUEENSLAND FEED AND MALTING BARLEY MARKETS AgEcon
Gali, Jyothi; Brown, Colin G..
Barley can be differentiated into feed and malting barley based on its end-use markets. Substitutability both in supply and in demand complicates analysis of price information in the barley market. The paper examines the price linkages between feed and malting barley in the Queensland barley market by using cointegration and error correction models. Malting barley prices respond to restore equilibrium relationships with corresponding feed barley prices in the long run, but not vice versa. Thus there appears to be a price leadership role for feed barley, and one-way substitutability and quality differences in the barley market.
Tipo: Presentation Palavras-chave: Barley; Cointegration; Substitutability; Quality; Demand and Price Analysis; Marketing.
Ano: 2000 URL: http://purl.umn.edu/123649
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Forecasting Price Relationships among U.S Tree Nuts Prices AgEcon
Ibrahim, Mohammed; Florkowski, Wojciech J..
This paper investigates a vector auto regression model, using the Johansen cointegration technique, and the autoregressive integrated moving average time series models to determine the better model for forecasting US tree nut prices over the period 1992-2006. The Johansen contegration test shows lack of long run relationship among pecan, walnut, and almond prices. As such, only autoregressive integrated moving average-type models were used in forecasting U.S. nut prices.
Tipo: Conference Paper or Presentation Palavras-chave: Substitutability; Cointegration; Tree nuts; Long-run equilibrium forecasting; Demand and Price Analysis; Production Economics.
Ano: 2009 URL: http://purl.umn.edu/47212
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IMPORT DEMAND FOR MALT: A TIMES SERIES AND ECONOMETRIC ANALYSIS AgEcon
Satyanarayana, Vidyashankara; Wilson, William W.; Johnson, D. Demcey.
European Union (EU) dominance of the world malt trade is thought to be due to quality advantages and/or due to export restitutions. A Linear Approximate Almost Ideal Demand System (LA/AIDS) was estimated for four major malt importing countries: Japan, Brazil, Philippines, and Venezuela. Elasticities of substitution for malt among different sources were computed. Results show that malt imported from the EU is least substitutable with malt from other sources, and demand for EU malt is less responsive to changes in price. Expenditure elasticities indicate that the four importers spend proportionately more on malt imports from the EU compared to malt from other sources. For these reasons, the study concludes that price subsidy-based export expansion...
Tipo: Working or Discussion Paper Palavras-chave: Malt Import Demand; LA/AIDS; Export Subsidy; Substitutability; International Relations/Trade.
Ano: 1997 URL: http://purl.umn.edu/23343
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IS SOCIAL CAPITAL REALLY CAPITAL? AgEcon
Robison, Lindon J.; Schmid, A. Allan; Siles, Marcelo E..
Social capital in the past two decades has emerged as a dominant paradigm in the various social science disciplines. However, its adoption by the different social science disciplines has led to multiple and often conflicting definitions of social capital. Some differences in the definition of social capital can be explained because scientists have included in the definition expressions of its possible uses, where it resides, and how its service capacity can be changed. This paper defends the social capital metaphor by pointing out that social capital has many important capital-like properties including service potential, durability, flexibility, substitutability, opportunities for decay (maintenance), reliability, ability to create other capital forms,...
Tipo: Working or Discussion Paper Palavras-chave: Social capital; Cultural capital; Human capital; Physical/financial capital; Service potential; Durability; Flexibility; Substitutability; Decay (maintenance); Reliability; Investment (disinvestment); Institutional and Behavioral Economics.
Ano: 1999 URL: http://purl.umn.edu/11649
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Price Relationships in the U.S. Tree Nut Market AgEcon
Ibrahim, Mohammed; Florkowski, Wojciech J..
Although most U.S. tree nuts have very specific and different uses, some substitutability does occur, complicating the price analysis in the tree nut market. We examine the relationships among U.S. tree nut prices using the Johansen’s cointegration procedure. We found long run equilibrium among some nut prices, namely, pecans, walnuts, and almonds. These findings are consistent with recent suggestions that cointegration exist among substitutes.
Tipo: Conference Paper or Presentation Palavras-chave: Substitutability; Cointegration; Tree nuts; Long-run; Equilibrium; Demand and Price Analysis; Marketing.
Ano: 2007 URL: http://purl.umn.edu/9898
Registros recuperados: 5
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