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Using Directed Acyclic Graphs And Var Econometrics To Simulate The Upstream And Downstream Effects Of Imposition Of An Import Quota: An Application To U.S. Wheat-Related Markets

In: Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation

Author

Listed:
  • Ronald A. Babula

    (U.S. International Trade Commission, U.S.A.)

  • Suchada V. Langley

    (U.S. Department of Agriculture, Economic Research Service, U.S.A.)

  • Agapi Somwaru

    (U.S. Department of Agriculture, Economic Research Service, U.S.A.)

  • Shiva S. Makki

    (Ohio State University, U.S.A.)

Abstract

The following sections are included:The VAR Model: Specification, Data, Estimation, and Model AdequacySources of Quarterly Data and Data IssuesDirected Acyclic GraphsDAG Applications to Wheat and Wheat Products MarketsAnalysis of Impulse Responses and FEV Decompositions to Discern Effects of a U.S. Wheat Import QuotaAnalysis of Forecast Error Variance DecompositionsSummary and ConclusionsReferences

Suggested Citation

  • Ronald A. Babula & Suchada V. Langley & Agapi Somwaru & Shiva S. Makki, 2005. "Using Directed Acyclic Graphs And Var Econometrics To Simulate The Upstream And Downstream Effects Of Imposition Of An Import Quota: An Application To U.S. Wheat-Related Markets," World Scientific Book Chapters, in: Philippa Dee & Michael Ferrantino (ed.), Quantitative Methods For Assessing The Effects Of Non-Tariff Measures And Trade Facilitation, chapter 10, pages 193-214, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789812701350_0010
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    More about this item

    Keywords

    Non-Tariff Measures; Non-Tariff Barriers; Trade Policy; Commercial Policy; International Economics; Trade Facilitation;
    All these keywords.

    JEL classification:

    • F0 - International Economics - - General
    • F1 - International Economics - - Trade

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