Time series econometric methods are applied to monthly observational data over the period 1978-1992 on real exchange rates, real corn prices, corn export sales, and corn export shipments for the United States. In-sample fit and out-of-sample forecast results are used to discern whether exchange...

Recent studies and reports suggest that foreign aid/intervention has been somewhat futile in eradicating conflict. In this study, we develop a simultaneous donor/recipient model of foreign aid and terrorism. Thereafter, we extend our theoretical propositions through a machine learning algorithm...

This study uses unrestricted vector autoregression method and historical decomposition with directed acyclic graphs to quantity the impacts of the foot and mouth disease outbreak on the Brazilian meat market for different levels of the industry (export, wholesale and farm). The imposition of an...

The consumption of milk in China has been increasing over past two decades. Currently, China does not produce enough milk to meet this increase in demand. Consequently a large volume of milk is imported. In this study, import demand for milk in China is explored using demand systems approach...

Extending the previous work by Bessler et. al. (2003), this paper examines dynamic relationships in the international wheat markets by employing five different base (country) currencies and a basket of currency. The stable aggregate currency (SAC) is proposed as the basket currency to be used in...

In this paper the dynamic information flows among monthly prices of agricultural commodities in the United States (U.S.) and Mexico for the years 2000-2012 are analysed. Error correction models and directed acyclical graphs are employed with observational data to identify the dynamic...