Japanese Import Demand For U.S. Beef And Pork: Effects On U.S. Red Meat Exports And Livestock Prices
AbstractJapanese import demand for U.S. beef and pork products and the effects on domestic livestock prices are econometrically estimated. Japan is the most important export market for U.S. beef and pork products. Results indicate foreign income, exchange rates, and protectionist measures are statistically significant. The comparative statistics quantify the effects of recent economic volatility. For example, the 1995-1998 depreciation in the Japanese yen (39%) reduced U.S. slaughter steer and hog prices by $1.29 per cwt and $0.99 per cwt, respectively, while the 1994-1998 reduction in tariffs (14%) increased slaughter steer and hog prices by $0.49 per cwt and $0.33 per cwt, respectively. Livestock producers will continue to have a vested interest in Asian trade liberalization policies.
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Bibliographic InfoArticle provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.
Volume (Year): 34 (2002)
Issue (Month): 03 (December)
elasticities; exchange rates; import demand; income; tariffs; Demand and Price Analysis; Q17; F14; C32;
Other versions of this item:
- Miljkovic, Dragan & Marsh, John M. & Brester, Gary W., 2001. "Japanese Import Demand For Us Beef And Pork: Effects On Us Red Meat Exports And Livestock Prices," International Trade in Livestock Products Symposium, January 18-19, 2001, Auckland, New Zealand 14545, International Agricultural Trade Research Consortium.
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
- F14 - International Economics - - Trade - - - Empirical Studies of Trade
- C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
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