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Third-Country Effects on the Market Shares of U.S. Wheat in Asian Countries

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  • Jin, Hyun Joung
  • Cho, Guedae
  • Koo, Won W.

Abstract

An import demand model, augmented with third-country effect variables, is developed to examine the effects of strong U.S. dollar, volatility of the U.S. dollar, and competition among the exporting countries on the shares of U.S. wheat in Asian markets. In the empirical model, the dependent variable is the market shares of U.S. wheat. Explanatory variables include wheat prices of exporting countries, exchange rates between the importing and exporting countries, and volatilities of the exchange rates. Panel estimation results show that the U.S. currency values and volatility, Australian wheat price, and the volatilities of Canadian and Australian currency values have significant effects on U.S. market shares.

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Bibliographic Info

Article provided by Southern Agricultural Economics Association in its journal Journal of Agricultural and Applied Economics.

Volume (Year): 36 (2004)
Issue (Month): 03 (December)
Pages:

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Handle: RePEc:ags:joaaec:43478

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Web page: http://www.saea.org/jaae/jaae.htm
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Related research

Keywords: exchange rate; international grain trade; market share; panel analysis; panel unit-root test; third country effect; F14; Q17;

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References

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Cited by:
  1. Nogueira, Lia & Chouinard, Hayley H., 2006. "The Effects of Reducing Sanitary and Phytosanitary (SPS) Barriers to Trade on the Washington State Apple Industry," 2006 Annual meeting, July 23-26, Long Beach, CA 21433, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Baek, Jungho & Mattson, Jeremy W. & Koo, Won W., 2009. "Analyzing Effects of the U.S. Duties on Canadian Hard Red Spring Wheat. Technical Annex," Estey Centre Journal of International Law and Trade Policy, Estey Centre for Law and Economics in International Trade, vol. 10(2).

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