Canadian broiler price responses to increases in US prices either have lessened in magnitude and duration or have been eliminated since Canada's broiler supply management program began in 1979. The authors used monthly vector autoregressions of US and Canadian broiler prices (farm and retail),...

A muiltiregional Armington model of U S cotton exports is estimated inappropriately with ordinary least squares (OLS) and appropnately wlth seemingly unrelated regression (SUR) Trade elasticity estimates and out-of-sample forecast performance demonstrate the importance of using the correct...

Accelerated Japanese monetary expansion failed to appreciably influence imports of US crops despite notable increases m the nominal yen/dollar exchange rate, according to COMGEM, a US macroeconomic model that incorporates non-U S macroeconomic linkages and an Armington model of foreign demands...

The Fisherian hypothesis was tested for four regional agricultural interest rates in the 11th Federal Reserve District (Dallas). These interest rates represented agricultural loans of different terms to maturity. Shocks in expected inflation resulted in positive but less than equivalent...

The methods of the cointegrated vector autoregression (VAR) model are applied to monthly U.S. markets for sugar and for sugar-using markets for confectionary, soft drink, and bakery products. Primarily a methods paper, we apply Johansen and Juselius' advanced procedures to these markets for...

A quarterly, partial-equilibrium vector-autoregression model of the U.S. durum wheat and pasta markets was estimated and simulated under three trade-barrier changes that are of potential relevance for the current round of WTO agricultural negotiations: a rise in the U.S. market-clearing durum...

Since the mid-1990s, the two regional trade agreements in South America, the southern Mercosur Pact (among Brazil, Argentina, Paraguay and Uruguay), and the northern Andean Pact (among Venezuela, Colombia, Ecuador, Bolivia, and Peru) noticeably affected certain trade patterns between the two...

During 1996-2000, U.S. imports of milk protein concentrate (MPC) increased rapidly. At the same time, Commodity Credit Corporation (CCC) stocks of non-fat dry milk (NFDM) went from nothing to more than 500 million pounds. Consequently, U.S. milk producers attributed low milk prices and dairy...