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sectoral-level, monthly data and an innovative multivariate GARCH-M estimator with corrections for leptokurtic errors. This …
Persistent link: https://www.econbiz.de/10005330411
With sustained appreciation of the U.S. dollar over the past 4 years, the exchange rate has again taken on importance for agriculture. This overview paper revisits the analysis of exchange rate impacts, reviewing the relevant conceptual arguments, summarizing the evidence economists and...
Persistent link: https://www.econbiz.de/10005802707
Nonreciprocal trade preference programs originated in the 1970s under the Generalized System of Preferences (GSP) as an effort by high-income developed countries to provide tariff concessions for low-income countries. The goal of the programs was to increase export earnings, promote...
Persistent link: https://www.econbiz.de/10005514121
In October 2004 the European Union and the MERCOSUR tried to reach an agreement for creating what would be the world's largest free-trade area accounting for 650 millions people. But despite five years of bilateral work to strike a deal, the two parties stayed on ropes at their meeting in...
Persistent link: https://www.econbiz.de/10005522280
This article analyzes the export participation of Chilean farms and the relative importance of farm-specific and geographic characteristics in this decision. An export behavior model is estimated using data on 8,284 Chilean farms and a two-stage conditional maximum likelihood procedure. Farm...
Persistent link: https://www.econbiz.de/10005525293
This paper shows that research on international agricultural trade reform can make much greater contributions to understanding than was feasible in earlier trade negotiations. Part of this is due to improvements in the basic data on production, consumption and trade associated with the...
Persistent link: https://www.econbiz.de/10005525303
The use of officially supported export credit programs for agricultural products has been a widely debated issue at the World Trade Organization (WTO) negotiations in recent years. The European Union (EU) has agreed to reduce their direct export subsidies if the United States reduces its export...
Persistent link: https://www.econbiz.de/10005525866
Using a sample consisting of bilateral trade flows across 10 developed countries between 1974 and 1995, this paper explores the effect of exchange rate misalignment on the growth of agricultural trade as compared to other sectors. Controlling for other factors likely to determine the growth in...
Persistent link: https://www.econbiz.de/10005468465
Persistent link: https://www.econbiz.de/10005468963
Persistent link: https://www.econbiz.de/10005468964