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This study analyzes the structure of Korean meat and fish product demand. The Linear Approximate Almost Ideal Demand System (LA/AIDS) is used to estimate Korean meat and fish demand. Since the expenditure term is endogenous, the three-stage least squares (3SLS) estimator is used to estimate the...
Persistent link: https://www.econbiz.de/10005806180
of exchange rates in each sector without specifying the rigid assumption of either exogeneity or endogeneity of exchange …
Persistent link: https://www.econbiz.de/10005338107
Canadian exports of beef and live cattle to the United States have increased significantly since the late 1980s. Hog exports have increased since the mid-1990s. Major factors affecting exports of beef, pork, cattle, and hogs from Canada to the United States include the exchange rate, increased...
Persistent link: https://www.econbiz.de/10005494056
The conventional gravity model is revised for a single commodity and applied to meat markets to determine factors affecting trade flows of meat. This study demonstrates that the gravity model for a single agricultural commodity can be parameterized more effectively by using time series and...
Persistent link: https://www.econbiz.de/10010911381
U.S. trade of beef and live cattle has declined substantially since the discoveries of bovine spongiform encephalopathy (BSE) in Canada and the United States in 2003. Imports of live cattle from Canada resumed in July 2005, but U.S. beef exports remained substantially below pre-BSE levels as...
Persistent link: https://www.econbiz.de/10005806336
The policies that regulate greenhouse gas emissions would provide a significant burden to emission industries as well as final consumers, which can lead to a strong influence on international trade flows of commodities. This study examines the impact of regulating greenhouse gas emissions on...
Persistent link: https://www.econbiz.de/10009020261
A "hybrid" spatial price equilibrium model is developed to evaluate differences in trade flows and equilibrium prices for feed and malting barley exports from the U.S., Canada, Australia, and European Union, caused by the U.S. Export Enhancement Program (EEP). The analysis incorporates the...
Persistent link: https://www.econbiz.de/10005536490
This study applies a translog cost function to analyze factor demands in four U.S. wheat production regions. The results show that factor demands are inelastic across all regions. The interdependent relationships among inputs and the effects of price changes on the relative cost shares are...
Persistent link: https://www.econbiz.de/10005536502
This study examines price dynamics in the U.S. and Canadian hard red spring (HRS) and durum wheat markets. Using monthly prices for 1979-2002, we adopt Johansen cointegration tests and a vector error-correction (VEC) model. The results show that U.S. hard red winter (HRW) and Canadian HRS are...
Persistent link: https://www.econbiz.de/10005477049
The Korean livestock industry is currently facing the critical challenge of the market liberalization trend under the World Trade Organization. This study analyzes the consumption behavior of meat and fish products in Korea, by estimating the Linear Approximate Almost Ideal Demand System...
Persistent link: https://www.econbiz.de/10005460328