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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...
Persistent link: https://www.econbiz.de/10005320550
Persistent link: https://www.econbiz.de/10009215802
"This study explores the short-run and long-run relationships between the U.S. agricultural trade balance and domestic macroeconomic aggregates and agricultural variables. We use cointegration analysis and a vector error-correction model with quarterly data for 1981-2003. The results show that,...
Persistent link: https://www.econbiz.de/10005668279
This study examines the dynamic effects of changes in exchange rates on bilateral trade of agricultural products between the United States and its 15 major trading partners. Special attention is paid to investigate whether or not the J-curve hypothesis holds for U.S. agricultural trade. For this...
Persistent link: https://www.econbiz.de/10008558716
The dynamic relationships among trade, income and the environment for developed and developing countries are examined using a cointegration analysis. Results suggest that trade and income growth tend to increase environmental quality in developed countries, whereas they have detrimental effects...
Persistent link: https://www.econbiz.de/10005804670
This document is the technical annex to the full paper “Analyzing Effects of the U.S. Duties on Canadian Hard Red Spring Wheat†which is available separately.
Persistent link: https://www.econbiz.de/10008546917
Since the summer of 2007, U.S. food price has increased dramatically. Given public anxiety over fast-rising food prices in recent years, this paper attempts to analyze the effects of market factors ─ prices of energy and agricultural commodities and exchange rate ─ on U.S. food prices using...
Persistent link: https://www.econbiz.de/10008549256
The effects of the exchange rate, the U.S. agricultural price, the domestic income, and the interest rate on the U.S. net farm income are investigated in a cointegration framework. For this purpose, the Phillips-Hansen fully-modified cointegration (FM-OLS) procedure is applied to annual data for...
Persistent link: https://www.econbiz.de/10008489900
Since the United States imposed antidumping and countervailing duties totaling 14.16 percent on imports of Canadian hard red spring (HRS) wheat, Canadian exports to the United States have nearly stopped. This study examines the impact of the decreased HRS wheat imports from Canada on U.S. wheat...
Persistent link: https://www.econbiz.de/10008491786
The dynamic relationships among trade, income and the environment for developed and developing countries are examined using a cointegration analysis. Results suggest that trade and income growth tend to increase environmental quality in developed countries, whereas they have detrimental effects...
Persistent link: https://www.econbiz.de/10004987840