Author: Dhurvanand Chadee
Publisher:
ISBN:
Category :
Languages : en
Pages : 300
Book Description
Exchange Rate Fluctuations and the Canadian Pork Trade
Exchange Rate Fluctuations and the Canadian Pork Trade
Exchange Rate Effects on Agricultural Prices and Trade with Special Reference to the Canadian Pork Industry
Author: Edward Victor Zenko
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 0
Book Description
Exchange rate fluctuations are often suggested as being a major factor in the determination of: (a) Canadian agricultural prices; and (b) trade flows of Canadian agricultural commodities. Yet, in spite of major fluctuations in the value of the Canadian dollar since the inception of a flexible exchange rate system in 1970, little work has been done to clarify the effects of such fluctuations on agricultural prices and trade. This study attempted to examine the effects of such fluctuations by meeting two objectives. The first objective was to review trade theory and exchange rate theory as they relate to agricultural commodity prices and trade flows. This portion of the study adds to the understanding of exchange rate fluctuations by developing a conceptual framework within which to consider exchange rate fluctuations. The second objective of the study was to investigate a number of econometric models with a view to determining whether a simple relationship could be demonstrated between exchange rate fluctuations, Canadian hog prices and Canada-United States trade flows in dressed pork products since the inception of a flexible exchange rate system in 1970. In meeting this objective, it was demonstrated that the effect of a fluctuation in the Canada-United States currency exchange rate was not identical to an equivalent fluctuation in the United States hog price insofar as they affected the Toronto hog price during the period January 1970 to December 1979. Rather, it was shown that a monthly fluctuation in the U.S. hog price was incorporated into the Toronto hog price more completely and in a more predictable manner than was an equivalent fluctuations in the Canada-U.S. currency exchange rate. When variations in Canadian exports, imports and net trade in dressed pork products were analyzed, statistically significant exchange rate coefficients were demonstrated. In analyzing trade flows for the period July 1976 to December 1979, exchange rate elasticities of 4.45 and 8.46 were estimated for monthly exports of dressed pork products. Exchange rate elasticities of -4.74 and -4.71 were estimated for monthly imports of dressed pork products during this 42 month period. Net trade in dressed pork products was shown to increase 0.68 million pounds for every $0.01C./$U.S. increase in the exchange rate during the same period.
Publisher:
ISBN:
Category : Foreign exchange rates
Languages : en
Pages : 0
Book Description
Exchange rate fluctuations are often suggested as being a major factor in the determination of: (a) Canadian agricultural prices; and (b) trade flows of Canadian agricultural commodities. Yet, in spite of major fluctuations in the value of the Canadian dollar since the inception of a flexible exchange rate system in 1970, little work has been done to clarify the effects of such fluctuations on agricultural prices and trade. This study attempted to examine the effects of such fluctuations by meeting two objectives. The first objective was to review trade theory and exchange rate theory as they relate to agricultural commodity prices and trade flows. This portion of the study adds to the understanding of exchange rate fluctuations by developing a conceptual framework within which to consider exchange rate fluctuations. The second objective of the study was to investigate a number of econometric models with a view to determining whether a simple relationship could be demonstrated between exchange rate fluctuations, Canadian hog prices and Canada-United States trade flows in dressed pork products since the inception of a flexible exchange rate system in 1970. In meeting this objective, it was demonstrated that the effect of a fluctuation in the Canada-United States currency exchange rate was not identical to an equivalent fluctuation in the United States hog price insofar as they affected the Toronto hog price during the period January 1970 to December 1979. Rather, it was shown that a monthly fluctuation in the U.S. hog price was incorporated into the Toronto hog price more completely and in a more predictable manner than was an equivalent fluctuations in the Canada-U.S. currency exchange rate. When variations in Canadian exports, imports and net trade in dressed pork products were analyzed, statistically significant exchange rate coefficients were demonstrated. In analyzing trade flows for the period July 1976 to December 1979, exchange rate elasticities of 4.45 and 8.46 were estimated for monthly exports of dressed pork products. Exchange rate elasticities of -4.74 and -4.71 were estimated for monthly imports of dressed pork products during this 42 month period. Net trade in dressed pork products was shown to increase 0.68 million pounds for every $0.01C./$U.S. increase in the exchange rate during the same period.
Exchange Rate Volatility and International Agricultural Trade
Author: Suchada Vichitakul Langley
Publisher: Captus Press
ISBN: 9781553220435
Category : Business & Economics
Languages : en
Pages : 184
Book Description
Publisher: Captus Press
ISBN: 9781553220435
Category : Business & Economics
Languages : en
Pages : 184
Book Description
The Influence of Exchange Rates on Pork Trade Between the United States and Canada
The Effects of Exchange Rate Changes and Its Variability on Trade of Red Meat Between Canada and the United States [microform]
Author: Oscar Menjivar
Publisher: Library and Archives Canada = Bibliothèque et Archives Canada
ISBN: 9780494018408
Category :
Languages : en
Pages : 223
Book Description
Publisher: Library and Archives Canada = Bibliothèque et Archives Canada
ISBN: 9780494018408
Category :
Languages : en
Pages : 223
Book Description
Are Exports a Monotonic Function of Exchange Rate Volatility? Evidence from Disaggregated Pork Exports
Author: Olivier Bonroy
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Production and marketing lags in agri-food supply chains often force agricultural producers and food processors to commit to output targets before prices and exchange rates are realized. A theoretical model illustrates how the processor's degree of risk aversion and domestic sales may cause the relationship between volatility of the exchange rate and exports to be non-monotonic. The relationship between exchange rate volatility and Quebec pork exports to the United States and Japan is investigated using linear and non-linear estimation methods. The results support the hypothesis that the relationship between exports and volatility is non-monotonic.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Production and marketing lags in agri-food supply chains often force agricultural producers and food processors to commit to output targets before prices and exchange rates are realized. A theoretical model illustrates how the processor's degree of risk aversion and domestic sales may cause the relationship between volatility of the exchange rate and exports to be non-monotonic. The relationship between exchange rate volatility and Quebec pork exports to the United States and Japan is investigated using linear and non-linear estimation methods. The results support the hypothesis that the relationship between exports and volatility is non-monotonic.
Freight Rate Adjustment Implications for Canada's Pork Trade with Japan
Author: Canada. Dept. of Agriculture. Marketing and Economics Branch
Publisher:
ISBN:
Category : Pork industry and trade
Languages : en
Pages : 98
Book Description
Publisher:
ISBN:
Category : Pork industry and trade
Languages : en
Pages : 98
Book Description
Exchange Rate Volatility and U.S. Pork Exports to China
Author: Daniel J. Boisson
Publisher:
ISBN:
Category : Exchange rate pass-through
Languages : en
Pages : 76
Book Description
Attempts to measure, using quarterly data, the level of exchange rate volatility that exists between United States and Chinese pork markets, and its effect on United States pork exports during the period of 1995 through 2009. Investigates multiple measures of volatility.
Publisher:
ISBN:
Category : Exchange rate pass-through
Languages : en
Pages : 76
Book Description
Attempts to measure, using quarterly data, the level of exchange rate volatility that exists between United States and Chinese pork markets, and its effect on United States pork exports during the period of 1995 through 2009. Investigates multiple measures of volatility.
Elasticity of Demand for Red Meat Transportation
Author: Hector J. Urbina-Olano
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Canadian pork production exceeds its domestic demand and further increases can be only be sustained by successfully expanding export markets. Language, purchasing power, health awareness, proximity, values, and business relationships and NAFTA make the United States a target market for increasing Canadian pork exports. However, the flow of pork from Canada to the United States is affected positively and negatively by micro and macro factors. The major objective of this thesis is to estimate empirically the effects on Western Canadian pork exports of changes in income, hog production in the U.S. (by state) and the transport costs (truck). The goal of this study is to identify regional markets within the United States where further market penetration may be possible. The theoretical foundation of the analysis is the interregional trade model. The concepts of excess supply and demand can be utilized to derive the demand for transportation. The derived demand for transport can be estimated as a gravity model within the context of the interregional trade framework A pooled cross-section time series technique as described by Kmenta (1986), was used to estimate the gravity model. The empirical model emp?s annual data for the period of 1989 to t992. The parameters of the derived demand for transport are income, an index of production and transportation freight rates. The results show that the derived demand for the transport of pork is highly elastic and that the cost of transport is the most important factor affecting trade flows. Of the three Western Provinces taken into account in this study, Manitoba and Saskatchewan are more responsive to changes in tansport cost. The lower transport costs elasticity for Alberta may be explained by the larger gross margins and/or the lower backhaul freight rates. A change in the specialization in hog production in a U.S. state has a negative effect on Western Canadian pork exports, but perhaps less than might be expected. U.S. pork does not appear to be a perfect substitute for pork imports. The study findings suggest that Manitoba marketing efforts should concentrate in the Mid-Atlantic and West South centre states. The Alberta hog industry should focus its marketing strategy in selling on Mountain and South Atlantic states. The Saskatchewan hog industry should focus in the Mountain and Mid-Atlantic states.
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
Book Description
Canadian pork production exceeds its domestic demand and further increases can be only be sustained by successfully expanding export markets. Language, purchasing power, health awareness, proximity, values, and business relationships and NAFTA make the United States a target market for increasing Canadian pork exports. However, the flow of pork from Canada to the United States is affected positively and negatively by micro and macro factors. The major objective of this thesis is to estimate empirically the effects on Western Canadian pork exports of changes in income, hog production in the U.S. (by state) and the transport costs (truck). The goal of this study is to identify regional markets within the United States where further market penetration may be possible. The theoretical foundation of the analysis is the interregional trade model. The concepts of excess supply and demand can be utilized to derive the demand for transportation. The derived demand for transport can be estimated as a gravity model within the context of the interregional trade framework A pooled cross-section time series technique as described by Kmenta (1986), was used to estimate the gravity model. The empirical model emp?s annual data for the period of 1989 to t992. The parameters of the derived demand for transport are income, an index of production and transportation freight rates. The results show that the derived demand for the transport of pork is highly elastic and that the cost of transport is the most important factor affecting trade flows. Of the three Western Provinces taken into account in this study, Manitoba and Saskatchewan are more responsive to changes in tansport cost. The lower transport costs elasticity for Alberta may be explained by the larger gross margins and/or the lower backhaul freight rates. A change in the specialization in hog production in a U.S. state has a negative effect on Western Canadian pork exports, but perhaps less than might be expected. U.S. pork does not appear to be a perfect substitute for pork imports. The study findings suggest that Manitoba marketing efforts should concentrate in the Mid-Atlantic and West South centre states. The Alberta hog industry should focus its marketing strategy in selling on Mountain and South Atlantic states. The Saskatchewan hog industry should focus in the Mountain and Mid-Atlantic states.