A controversial view of the evolution of commodity markets is that the engagement of speculative capital arguably introduces volatility and price movements unrelated to changes in traditional demand and supply factors. Thus, the efficiency of spot and futures markets is an important topic in...

This paper econometrically estimates the tariff equivalent of sanitary and phytosanitary (SPS) to U.S. apple imports in Japan. Many studies calculate the tariff equivalent of the Japanese SPS to imports of U.S. apple using the price differential between the domestic price and export prices, but...

The impact of the United States' and the European Union's subsidies on world cotton price has been an important subject in recent years. This paper examines the impact that the removal of these subsidies would have on Malian economy (GDP, public accounts, and households' income). The issue is...

Dairy products in developing countries are characterized by two properties, namely, perishability and short-periodic production. These properties are so unique that conventional studies in agricultural economics or in industrial organization might not explain the dairy product supply well....

This paper estimates the world demand for coffee using a dataset for 88 countries from 1990 to 2005, and dynamic panel data estimators. Results suggest that the income elasticity of demand is non constant and varies according to a country's income level. Higher income countries have lower income...

Environmental economists have shown that tradable emission permit markets can reduce the costs to society of pollution reduction. However, when emissions are difficult to monitor and verify, offset credits from pollution reductions may be subject to price discounts that reduce social welfare. In...

In the early 1990s, Mongolia initiated a transition from a command to a market economy; accordingly, significant changes took place in the livestock sector, including decollectivization, privatization, and greater exposure to international trade. Taking into account these changes, this study...

The objective of this article was to measure the productivity of CDFAs of the NAN-TOU County in Taiwan over the period of 1995-2004. This study calculated the Malmquist productivity index by using the nonparametric frontier approach, and decomposed the index into two components: technical change...

This note aims to investigate the price dynamics between Ukrainian feed wheat exports and U.S. maize exports employing the method by Enders and Siklos (2001) to allow for threshold adjustment. The analysis reveals slow amounts of adjustment towards equilibrium for a positive change in the...

The purpose of this paper is to empirically investigate how agricultural protection has been reduced before/after the implementation of the Uruguay Round Agreement on 1995 in East Asian countries. Our empirical results show that the reduction on agricultural protection in the second half of the...