IDEAS home Printed from https://ideas.repec.org/p/ags/n13415/285825.html

Relative Impact of StarLink and MIR162

Author

Listed:
  • Han, Xue
  • Garcia, Philip

Abstract

Although various topics related to genetically modified (GM) technology have been studied worldwide, few studies have investigated the price impact of genetically modified food events. This paper contributes to the literature by examining the price effects of multiple genetically modified corn contamination events in the U.S. corn market. Using the relative price of substitutes method and the time-varying cointegration, we identify at least three possible structural breaks relevant to the genetically modified corn contamination events. Our empirical results suggest that MIR162 is the largest and longest GM-related break, but notice this break was initially influenced by changes in U.S. corn and sorghum supply, and EPA’s proposed reduction of the ethanol mandate. China’s rejection of U.S. corn and its substantial imports of U.S sorghum protracted the depression of U.S. corn relative to sorghum until late 2014. Commodity market participants, policy makers and researchers can apply the finding and approach of this paper for anticipating the price impacts of multiple shocks in the commodity markets.

Suggested Citation

  • Han, Xue & Garcia, Philip, 2015. "Relative Impact of StarLink and MIR162," 2015 Conference, April 20-21, 2015, St. Louis, Missouri 285825, NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    • Handle: RePEc:ags:n13415:285825
    DOI: 10.22004/ag.econ.285825
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/285825/files/Han_Garcia_NCCC_134_2015.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.285825?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
    ---><---

    More about this item

    Keywords

    ;

    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:n13415:285825. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: http://www.farmdoc.illinois.edu/nccc134/ .

    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.