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Articles 1 - 6 of 6

Full-Text Articles in International Economics

Emerging Price Support Systems In Central European Agriculture: Examples From Hungary And Lithuania, William H. Meyers, Natalija Kazlauskiene Dec 1996

Emerging Price Support Systems In Central European Agriculture: Examples From Hungary And Lithuania, William H. Meyers, Natalija Kazlauskiene

BALTIC Reports

The conventional wisdom on agricultural trade has been that trade barriers are primarily determined by domestic agricultural and food price policies. For example, European Union (EU) import levies and export subsidies were determined by intervention and threshold prices, and U.S. sugar import quotas were driven by the domestic price support level. This is why agricultural trade barriers escaped General Agreement on Tariffs and Trade (GATT) jurisdiction for so long and why even the modest liberalization of the Uruguay Round Agreement with respect to agricultural products was so difficult to achieve. Liberalization of agricultural trade in many countries required changes ...


A Reexamination Of Price Dynamics In The International Wheat Market, Samarendu Mohanty, William H. Meyers, Darnell B. Smith Nov 1996

A Reexamination Of Price Dynamics In The International Wheat Market, Samarendu Mohanty, William H. Meyers, Darnell B. Smith

CARD Working Papers

The international wheat market has received much attention from researchers because of the perception that noncompetitive elements exist in the market. This study examines price dynamics among the United States, Canada, Australia, the European Union, and Argentina using a cointegration and error correction approach. Unlike some past studies, the results here suggest that there is no distinct price leader in the international wheat market.


Preparing For Accession To The Eu: Transition Policies For Transition Economies, Natalija Kazlauskiene, William H. Meyers Jul 1996

Preparing For Accession To The Eu: Transition Policies For Transition Economies, Natalija Kazlauskiene, William H. Meyers

BALTIC Reports

All or most of the Central and East European Countries (CEECs), including Estonia, Latvia, and Lithuania, are waiting for, and are at various stages of preparing for, integration with the European Union (EU). It is no longer a question of whether this will occur, but rather a question of when and how. Today, it is clear that in its enlargement strategy, the EU is likely to treat the associated countries as one or more regional blocks and strongly encourage closer cooperation within and among these regions prior to accession. Agriculture is only one of numerous sectors that have to deal ...


Impacts Of The Uruguay Round On Agricultural Commodity Markets: Implications For Russia, William H. Meyers Apr 1996

Impacts Of The Uruguay Round On Agricultural Commodity Markets: Implications For Russia, William H. Meyers

GATT Research Papers

Meyers uses the FAPRI agricultural commodity models to help analyze how the final passage of the GATT agreement will impact Russia, the Newly Independent States (NIS), and Central and Eastern Europe. While there are benefits from the GATT accord, he notes that the GATT agreement cannot be seen as a substitute for the efforts that are needed on developing more efficient production and processing systems, improved marketing infrastructure, and improved quality and diversity of products.


Law Of One Price In International Commodity Markets: A Fractional Cointegration Analysis, Samarendu Mohanty, Darnell B. Smith, E. Wesley F. Peterson, William H. Meyers Feb 1996

Law Of One Price In International Commodity Markets: A Fractional Cointegration Analysis, Samarendu Mohanty, Darnell B. Smith, E. Wesley F. Peterson, William H. Meyers

CARD Working Papers

The Law of One Price (LOP) is an important component of most, if not all, international trade models because this assumption allows researchers to use a single representative price for all regions. This paper examines the long-run LOP for international commodity prices using a generalized notion of cointegration called fractional cointegration. This analysis is applied to nine pairs of price series, supporting the existence of LOP in eight cases.


Time Series Evidence Of Relationships Between U.S. And Canadian Wheat Prices, Samarendu Mohanty, Darnell B. Smith, E. Wesley F. Peterson Feb 1996

Time Series Evidence Of Relationships Between U.S. And Canadian Wheat Prices, Samarendu Mohanty, Darnell B. Smith, E. Wesley F. Peterson

CARD Working Papers

U.S. wheat producers contend that Canadian production subsidies and implicit export subsidies have undermined the U.S. price support program. The authors examine this contention and assess the relationships between U.S. and Canadian wheat prices using a cointegration and error approach. The results suggest that both U.S. durum and hard spring wheat prices respond to restore the equilibrium relationship with the corresponding Canadian price while the Canadian price does not respond to restore equilibria.