A source differentiated AIDS model is specified to estimate Japanese meat import demand. Block separability and product aggregation are rejected at conventional levels of significance. The model with the block substitutability restriction explains more than 95% of data variation. The empirical...

China is experiencing rapid economic growth, resulting in increased demand for food. Estimates are made of Chinese production and consumption of rice, wheat, corn, and soybeans to the year 2005. Results indicate that China will become a large net importer especially of wheat, corn, and soybeans....

This report evaluates the U.S. and world wheat markets for the 2008-2018 period using the Global Wheat Policy Simulation Model. This analysis is based on a series of assumptions about general economic conditions, agricultural policies, weather conditions, and technological change. Both the U.S....

This report evaluates the U.S. and world sugar markets for 2008-2018 using the Global Sugar Policy Simulation Model. This analysis is based on assumptions about general economic conditions, agricultural policies, population growth, weather conditions, and technological changes. Both the U.S. and...

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...

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...

Using a monthly data covering from 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). Controlling for...

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...