This paper aims to provide a flexible methodological framework to estimate import demandmodels, which explicitly considers the stochastic properties of data and the endogenous/exogenousnature of some variables. The French imports of virgin olive oil have been used as a case study withSpain,...

A simple but new theoretical approach is used to analyse ex-ante the impact of tariff reduction. Thismethodology is based on the assumption of a constant price relation between each direct substitutableproduct. No elasticities are needed, but accurate import and domestic prices of the most...

The threshold autoregressive (TAR) model by Enders and Granger (1998) and Enders and Siklos (2001) is a popular econometric model that estimates asymmetric price transmission (APT) with non-stationary time series data. However, empirical studies have not considered much the arbitrariness of...

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A simple but new theoretical approach is used to analyse ex-ante the impact of tariff reduction. This methodology is based on the assumption of a constant price relation between each direct substitutable product. No elasticities are needed, but accurate import and domestic prices of the most...

In this study a demand system analysis for beef in South Korea is constructed. A free trade demand system was used in which the economic welfare of market participants are maximized. Recognizing implicit discrimination about non-locally sourced beef products, this study deduces market demand...

The aim of the paper was to analyse spatial price transmission in the wheat market in Poland and Germany. The analysis was conducted with the use of weekly milling and feed wheat price series and cointegration framework. The results confirm high linkage between prices in Poland and Germany as...

Relative cross-country price volatility increases business risk and distorts efficient sector-level investment allocation. In order to answer the questions of “if” and “how” market structures affect relative price volatility, and using annual data from 14 manufacturing branches in 27 EU...

The purpose of this paper is to estimate China’s soybeans import allocation by country-of-origin using the input allocation model for the multiproduct firm under input-output seperability. From the results, we find there is a competition between the U.S. and South America (Brazil and...