Author: James P. HouckPublisher:
ISBN:
Category : Soybean
Languages : en
Pages :
Book Description
A Dynamic Supply and Demand Model of the Markets for U.S. Soybeans and Their Products
Author: James P. HouckSoybeans and Their Products
Author: James P. HouckPublisher: U of Minnesota Press
ISBN: 1452911703
Category : Marketing
Languages : en
Pages : 296
Book Description
Demand and Price Analysis of the U.S. Soybean Market
Author: James P. HouckPublisher:
ISBN:
Category : Agriculture
Languages : en
Pages : 88
Book Description
Foreign Market Demand for U.S. Soybeans and Soybean Products: a Policy Approach
Author: Halil Cetin BedestenciPublisher:
ISBN:
Category : Soybean
Languages : en
Pages : 175
Book Description
A Recursive Model of the United States Domestic Soybean Market
Author: Leonardo A. PaulinoPublisher:
ISBN:
Category : Soybean
Languages : en
Pages : 334
Book Description
Author: Publisher: IICA Biblioteca Venezuela
ISBN:
Category :
Languages : en
Pages : 746
Book Description
World Markets of Vertically Differentiated Agricultural Commodities
Author: Koichi YamauraPublisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
This dissertation presents the development of a new approach to include the interaction of vertically differentiated products, a subject that has been largely ignored in previous studies, to analyze the market power of exporters and importers in the world markets of agricultural commodities. Three theoretical models, a residual demand elasticity (RDE) model, a residual supply elasticity (RSE) model, and a two-country partial equilibrium trade model, are developed, and the corresponding empirical models are specified for U.S.-Japan soybean trade. Genetically modified (GM) and non-genetically modified (non-GM) soybeans are vertically differentiated products in the sense that GM soybeans are largely defined as an inferior substitute to non-GM soybeans. I compare two versions of these models: a new approach in which the interaction between non-GM and GM soybeans is taken into account and the traditional approach in which the interaction is ignored. In each of the three models (the RDE model, the RSE model, and the partial equilibrium trade model), the traditional approach overestimates the market margin of U.S. non-GM soybean exporters and that of Japanese non-GM soybean importers. By considering the interaction between non-GM and GM soybeans, the new approach greatly reduces the estimates of the corresponding market margins of U.S. exporters and Japanese importers to improve the accuracy of such estimates. The statistical significance of the coefficient estimate of the interaction term, the U.S. GM soybean price or the Japanese GM soybean price, in all three models suggests that the new approach, which includes the interaction between non-GM and GM soybeans, is necessary and preferred. The partial equilibrium trade model includes both an RDE equation and an RSE equation in a system to address the possible contemporaneous cross-equation correlation. Thus, the estimation results of the partial equilibrium trade model are further improved, compared to those of the RDE model and the RSE model. Using the traditional approach to estimate the partial equilibrium trade model, I find that the U.S. non-GM soybean exporters' market margin is 56.5% and the Japanese non-GM soybean importers' market margin is 16.1%. However, the results obtained by using the new approach show that the market margins of U.S. exporters and Japanese importers are 33.2% and 6%, respectively. By taking into account the interaction between non-GM and GM soybeans, the new approach improves the accuracy of the estimates of market margins of soybean exporters and importers. U.S. non-GM soybean exporters do have a significant market margin in international markets, but it is not as large as the one suggested by the traditional approach. Although Japanese non-GM soybean importers enjoy some market margin, it is relatively small. The theoretical and empirical models and results in this dissertation provide new and more accurate estimates of residual demand and supply elasticities and market power and improve the understanding on world soybean markets. These results can be useful for industry participants in international soybean markets, academic researchers, and policy makers.
Soybeans and Their Products
Author: James P. HouckPublisher:
ISBN: 9780783729466
Category :
Languages : en
Pages : 290
Book Description
History of International Trade in Soybeans, Soy Oil and Soybean Meal, Plus Trade Policy (1859-2021)
Author: William Shurtleff; Akiko AoyagiPublisher: Soyinfo Center
ISBN: 1948436493
Category : Reference
Languages : en
Pages : 1527
Book Description
The world's most comprehensive, well documented, and well illustrated book on this subject. With extensive subject and geographic index. 107 photographs and illustrations - mostly color. Free of charge in digital PDF format.
History of Soybeans and Soyfoods in China and Taiwan, and in Chinese Cookbooks, Restaurants, and Chinese Work with Soyfoods Outside China (1024 BCE to 2014)
Author: William ShurtleffPublisher: Soyinfo Center
ISBN: 1928914683
Category : Soybean
Languages : en
Pages : 3015
Book Description
The world's most comprehensive, well documented, and well illustrated book on this subject. With extensive index. 372 photographs and illustrations. Free of charge in digital format on Google Books.