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...

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...

A spatial optimization model was developed to analyze the impacts of structural changes in China’s consumption of wheat, corn, rice, and soybeans on its agricultural sector and world agricultural trade. The model included 16 exporting and importing countries and regions. China was divided into...

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 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...