IDEAS home Printed from https://ideas.repec.org/a/ags/jlofdr/27818.html
   My bibliography  Save this article

A Time-Series Analysis Of The U.S. Durum Wheat And Pasta Markets

Author

Listed:
  • Babula, Ronald A.
  • Rich, Karl M.

Abstract

A quarterly, partial-equilibrium vector-autoregression model of the U.S. durum wheat and pasta markets was estimated and simulated under three trade-barrier changes that are of potential relevance for the current round of WTO agricultural negotiations: a rise in the U.S. market-clearing durum wheat quantity from increased imports; a policy- or tariff- reduction-induced decline in U.S. durum wheat price; and a tariff-induced rise in U.S. pasta product prices. In response to each shock, an array of quarterly dynamic response characteristics are examined: response reaction times, direction and pattern of quarterly responses, response durations, response multipliers, and strength of durum/pasta market interrelationships.

Suggested Citation

  • Babula, Ronald A. & Rich, Karl M., 2001. "A Time-Series Analysis Of The U.S. Durum Wheat And Pasta Markets," Journal of Food Distribution Research, Food Distribution Research Society, vol. 32(2), pages 1-19, July.
    • Handle: RePEc:ags:jlofdr:27818
    DOI: 10.22004/ag.econ.27818
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/27818/files/32020001.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.27818?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Babula, Ronald A., 1997. "Economic Effects Of A Countervailing Duty Order On The U.S. Lamb Meat Industry," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-12, April.
    2. Ronald A. Babula & Cathy L. Jabara, 1999. "The Wheat War of 1994: Comment," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(1), pages 89-98, March.
    3. Julian M. Alston & Richard S. Gray & Daniel A. Sumner, 1999. "The Wheat War of 1994: Reply," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 47(1), pages 99-104, March.
    4. David A. Bessler, 1984. "An Analysis of Dynamic Economic Relationships: An Application to the U.S. Hog Market," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 32(1), pages 109-124, March.
    5. Julian M. Alston & Richard Gray & Daniel A. Sumner, 1994. "The Wheat War of 1994," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 42(3), pages 231-251, November.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Lucia Recchia & Alessio Cappelli & Enrico Cini & Francesco Garbati Pegna & Paolo Boncinelli, 2019. "Environmental Sustainability of Pasta Production Chains: An Integrated Approach for Comparing Local and Global Chains," Resources, MDPI, vol. 8(1), pages 1-16, March.
    2. Babula, Ronald A. & Newman, Douglas & Rogowsky, Robert A., 2006. "A Dynamic Model of U.S. Sugar-Related Markets: A Cointegrated Vector Autoregression Approach," Journal of Food Distribution Research, Food Distribution Research Society, vol. 37(2), pages 1-25, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Babula, Ronald A. & Bessler, David A. & Payne, Warren S., 2003. "Dynamic Relationships Among Selected U.S. Commodity-Based, Value Added Markets: Applying Directed Acyclic Graphs to a Time Series Model," Working Paper ID Series 15879, United States International Trade Commission, Office of Industries.
    2. Unknown, 2006. "Journal of International Agricultural Trade and Development, Volume 2, Number 2, Fall 2006," Journal of International Agricultural Trade and Development, Journal of International Agricultural Trade and Development, vol. 2(2).
    3. Babula, Ronald A. & Bessler, David A. & Payne, Warren S., 2004. "Dynamic Relationships Among U.S. Wheat-Related Markets: Applying Directed Acyclic Graphs to a Time Series Model," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 36(1), pages 1-22, April.
    4. Alston, Julian M. & Gray, Richard S. & Sumner, Daniel A., 2001. "Wheat Disputes Under Nafta," Proceedings of the 6th Agricultural and Food Policy Systems Information Workshop, 2000: Trade Liberalization Under NAFTA: Report Card on Agriculture 16842, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    5. Shane, Mathew & Roe, Terry L. & Somwaru, Agapi, 2008. "Exchange Rates, Foreign Income, and U.S. Agricultural Exports," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 37(2), pages 1-16.
    6. Goodwin, Barry K., 1992. "Forecasting Cattle Prices in the Presence of Structural Change," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 11-22, December.
    7. Lota D. Tamini & Jean‐Philippe Gervais, 2005. "Developing Economic Indexes for the Quebec Hog/Pork Industry," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 53(1), pages 1-23, March.
    8. VanTassell, Larry W. & Bessler, David A., 1988. "Dynamic Price Adjustments Between Commercial and Purebred Cattle Markets," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 20(2), pages 137-144, December.
    9. Babula, Ronald A. & Bessler, David A. & Schluter, Gerald E., 1990. "Poultry-Related Price Transmissions and Structural Change Since the 1950's," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 42(2), pages 1-9.
    10. repec:ags:aare02:125165 is not listed on IDEAS
    11. Lei, Lei, 2018. "Effects of trade policy on technological innovation in agricultural markets - implications for the developing economies," IDE Discussion Papers 687, Institute of Developing Economies, Japan External Trade Organization(JETRO).
    12. Anderson, David P. & Mintert, James R. & Brester, Gary W., 1998. "The North American Livestock Industry: A U.S. Perspective," Proceedings of the 4th Agricultural and Food Policy Systems Information Workshop 1998: Economic Harmonization in the Canadian\U.S.\Mexican Grain-Livestock Subsector; 16765, Farm Foundation, Agricultural and Food Policy Systems Information Workshops.
    13. Babula, Ronald A. & Bessler, David A., 1990. "The Corn-Egg Price Transmission Mechanism," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 22(2), pages 1-8, December.
    14. Babula, Ronald A. & Bessler, David A. & Reeder, John & Somwaru, Agapi, 2004. "Modeling U.S. Soy-Based Markets with Directed Acyclic Graphs and Time Series Econometrics: Evaluating the U.S. Market Impacts of High Soy Meal Prices," Working Paper ID Series 15885, United States International Trade Commission, Office of Industries.
    15. Karl D. Meilke & Rakhal Sarker, 1997. "Four case studies of agri‐food CVDs and a proposal for reforming national administered protection agencies," Agricultural Economics, International Association of Agricultural Economists, vol. 17(2-3), pages 147-164, December.
    16. Yavapolkul, Navin & Gopinath, Munisamy & Gulati, Ashok, 2004. "Post-Uruguay Round price linkages between developed and developing countries," MTID discussion papers 76, International Food Policy Research Institute (IFPRI).
    17. Unknown, 1990. "Structural Change in Livestock: Causes, Implications, Alternatives," Research Institute on Livestock Pricing 232728, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    18. Seyoum, Emayenesh & Goddard, Ellen & MacLaren, Donald & Griffith, Garry, 2002. "Modelling World Dairy Trade: The Potential Impact of Officially Supported Export Credits on the Australian Dairy Industry," 2002 Conference (46th), February 13-15, 2002, Canberra, Australia 183422, Australian Agricultural and Resource Economics Society.
    19. Koo, Won W. & Uhm, Ihn H., 2000. "U.S.-Canada Border Disputes In Grains: Dynamic Interface Between The Free Trade Agreement And Trade Remedy Laws," Agricultural Economics Reports 23267, North Dakota State University, Department of Agribusiness and Applied Economics.
    20. Wilson, William W. & Dahl, Bruce L., 1998. "Reciprocal Access In U.S./Canadian Grain Trade: Background Issues For The U.S. Grain Trade," AE Series 23085, North Dakota State University, Department of Agribusiness and Applied Economics.
    21. Rickard, Bradley J. & Gonsalves, Jana L., 2008. "How would compliance with dietary recommendations affect revenues for agricultural producers?," Food Policy, Elsevier, vol. 33(5), pages 422-433, October.

    More about this item

    Keywords

    Industrial Organization;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:jlofdr:27818. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/fdrssea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.