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The United States produced about 80 percent of the world's cotton in the decades prior to the Civil War. How much … monopoly power did the United States possess in the world cotton market and what would have been the effect of an optimal … export tax? This paper estimates the elasticity of foreign demand for U.S. cotton exports and uses the elasticity in a simple …
Persistent link: https://www.econbiz.de/10012470026
The boll weevil spread across the Southern United States from 1892 to 1922 having a devastating impact on cotton …
Persistent link: https://www.econbiz.de/10012481047
Previous literature has discussed the procedural biases that exist in U.S. Department of Commerce (USDOC) dumping margin calculations. This paper examines the evolution of discretionary practices and their role in the rapid increase in average USDOC dumping margins since 1980. Statistical...
Persistent link: https://www.econbiz.de/10012469073
a reallocation of liquidity to its district during the contraction. Viewing the collapse of the price of cotton, the … of cotton collateral that would precipitate a general panic. In this previously unknown episode, the Federal Reserve … Atlanta Fed was vindicated when the shock to cotton prices proved to be temporary, and the Board conceded that the Reserve …
Persistent link: https://www.econbiz.de/10012457327
This paper estimates the impact of U.S. trade remedy (TR) actions on agricultural trade from 1990 to 2014. Most previous studies of the effects of TR actions have left out agricultural products. We use a four-country oligopolistic trade model to study the impact of TR duties on imports from...
Persistent link: https://www.econbiz.de/10012452975
Besides a variety of production and environmental benefits, cover cropping has been advocated as a mean to increase resilience to drought. We explored factors influencing farmer's adoption of cover crops and examined the effects of cover crops on soybean yield and its risk using USDA's 2018 ARMS...
Persistent link: https://www.econbiz.de/10013334341
In December 2019, the United States and China reached a Phase One trade agreement, under which China committed to purchase more imports from the United States: $12.5 billion more agricultural imports in 2020 and $19.5 billion more in 2021, as compared to 2017. We show that the most efficient way...
Persistent link: https://www.econbiz.de/10012481578
This paper examines the relationship between spot and futures prices for a broad range of commodities, including energy, precious and base metals, and agricultural commodities. In particular, we examine whether futures prices are (1) an unbiased and/or (2) accurate predictor of subsequent spot...
Persistent link: https://www.econbiz.de/10012462821
Using data collected by the International Institute of Agriculture, we document the disintegration of international commodity markets between 1913 and 1938. There was dramatic disintegration during World War I, gradual reintegration during the 1920s, and then a very substantial disintegration...
Persistent link: https://www.econbiz.de/10012463880
Persistent link: https://www.econbiz.de/10000842562