The Global Correspondence Principle of Samuelson states that global comparative static results hold even in the absence of an initial stable equilibrium. This principle has been applied in recent studies of international trade with variable returns to scale to resolve paradoxical results with...

The apparent divergence between producer and retail prices in the presence of a marketing chain is a common facet in agricultural industries. There is evidence to suggest that changes in producer prices are not passed on fully to changes in retail price, especially in the situation where...

We analyze in this paper the empirical interaction between real corporate credit, real income, real stock prices, the short-term interest rate and inflation for the Netherlands and the United States. The framework is based on a five-variable vector error correction model with economically based...

Food security as a national strategy, closely links to China's economic progress, people's livelihoods and social harmony. The balance between feed grain security and meat security remains a key unresolved issue that significantly impacts China's integral food security goal. In this study, we...

In March 1997, a FMD epidemic broke out in the Taiwan pig industry and within four months some 40 per cent of the pig population was lost to the disease. The demand for pork fell substantially following the outbreak due to food safety concerns by consumers, and this raises the question of...

This abstract summarises this article which relies on available official statistics to outline salient features of Vietnam’s pig industry and changes in its structure occurring between 1996 and 2006. However, coverage of the latter aspect is limited by the availability of data. The focus of...

I examine whether or not returns on stock markets are a leading indicator for real macroeconomic developments in Austria, Japan and the USA. Further I deal with the concept of stock market efficiency, the question whether or not information from real and financial sectors of the economy is...

The identification of the forces that drive oil stock prices is extremely important given the size of the Oil&Gas industry and its links with the energy sector and the environment. In the next decade oil companies will have to deal with international policies to contrast climate change. This...

In the present empiricalstudy we used the Johansen Maximum Likelihood procedure to evaluate spatial market integration for raw sugar among Colombian, Brazilian and World markets. The Johansen (1988) cointegration approach allowed relating the three market sugar prices in a multivariate...

This paper examines the supply of U.S. LTO from both a theoretical and empirical point of view. The theory model combines endogenous rig activity and stylized reservoir pressure mechanics with the classic Hotelling model for exhaustible resource extraction. The empirical section presents a...