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...

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...

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...

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...

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...

Perron's test, Johansen cointegration analysis, and a vector error-correction (VEC) model are used to identify structural change, as well as to examine price dynamics in the U.S. and Canadian hard red spring (HRS) and durum wheat markets. It is found that, due to the U.S. Export Enhancement...

Using monthly data covering 1974:1 to 2002:12, this paper explores the linkage between changes in macroeconomic variables (real exchange rate and inflation rate) and changes in relative agricultural prices in different time horizons (1, 12, 24, 36, 48, and 60 months). By controlling factors that...

Wheat acreage responses to expected wheat price and price risk are reversed for program and nonprogram-planted acreage in the northern plains, central plains, southern plains, and U.S. Expected wheat price has a strong negative effect on program-complying wheat acreage. Government support prices...