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Dependency and Vulnerability: Japan's Neef and Feed Grain Imports in a Turbulent World Economy

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  • Jesdapipat, Dusit

Abstract

Japan's policies and import demand structures for beef, maize, and sorghum were reviewed and quantified using a system of 12 seemingly unrelated equations consisting of 12 endogenous and 23 exogenous vanables. Empirical implications drawn from this model indicated that Japan's beef import quota is one of the significant factoIS that determine Japan's total beef imports and countries of origin. Hence, by the large country assumption, Japan could benefit from its protectionist beef import policy. The model also confirmed that price competition existed between Australian and New Zealand beef of identical quality and that US beef substitutes for beef from Oceania, due to quotas. The ex ante simulations showed a trade-off between beef and feed grain imports in addition to potential cross substitution of similar commodities from different sources of supply and from such close substitutes as maize and sorghum. The USA dominated the maize and sorghum trade because its exports of those commodities to Japan dominated Japan's demand functions for the commodities from other sources. For feed grain trade, the freight rates between the US Gulf ports and Japan influenced neither Thailand-Japan maize trade nor Australia-Japan sorghum trade. Australia's exportable supply of sorghum influenced both US-Japan and Australia-Japan trade in sorghum, which in tum influenced sorghum trade between Argentina and Japan.

Suggested Citation

  • Jesdapipat, Dusit, 1987. "Dependency and Vulnerability: Japan's Neef and Feed Grain Imports in a Turbulent World Economy," 1987 Occasional Paper Series No. 4 197430, International Association of Agricultural Economists.
    • Handle: RePEc:ags:iaaeo4:197430
    DOI: 10.22004/ag.econ.197430
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    References listed on IDEAS

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    1. Malcolm D. Bale & Bruce L. Greenshields, 1978. "Japanese Agricultural Distortions and Their Welfare Value," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(1), pages 59-64.
    2. Kost, William E., 1980. "Model Validation And The Net Trade Model," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 32(2), pages 1-16, April.
    3. Resnick, Stephen A. & Truman, Edwin M., 1973. "An empirical examination of bilateral trade in Western Europe," Journal of International Economics, Elsevier, vol. 3(4), pages 305-335, November.
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