In recent decades, the potential contribution of agriculture to economic growth has been a subject of much controversy among development economists. While some contend that agricultural development is a precondition to industrialization, others strongly disagree and argue for a different path....

This paper examines risk minimization hedging effectiveness for major storable and nonstorable agricultural commodity futures markets. Based on the error correction model bivariate GARCH frameworks, some evidence is found that the hedging effectiveness is stronger for storable commodities than...

Global economic growth has led to an increase of FDI activity in the agro-food sector, which together with the increased FDI in the manufacturing sector, has generated increased FDI activity in food processing. This paper fills a gap in the literature on the role of FDI by extending the recent...

Most of the previous studies on the effect of IPR protection on international trade have been from the perspective of major industrialized nations. However, much of the current debate on the effects of IPR protection involves large developing countries with high threat of imitation. This study...

This paper reexamines the issue of whether commodity prices provide useful information for formulating monetary policy through the application of recent development in time series methodology developed by Toda and Yamamoto (1995). We found that commodity prices signals the future direction of...

Empirical evidence linking exports to economic growth has been mixed and inconclusive. This study re-examine the export-led growth (ELG) hypothesis for Canada by testing for Granger causality from exports to national output growth using vector error correction models (VECM) and the augmented...

This paper examines the dynamic relationship between monetary policy variables and agricultural prices using alternative VAR-type model specifications. Time series techniques as currently specified in most studies raises issues of misspecification and inferential adequacy because observational...

This paper investigates causation contemporaneously and over time to elucidate the persistent lack of agreement about what "causes" changes in farmland prices. Using recently developed causal modeling framework of directed acyclic graphs (DAGs) and cointegrated (VAR) techniques, the assumed...