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A TIME-SERIES ANALYSIS OF THE U.S. DURUM WHEAT AND PASTA MARKETS
- Publication Year :
- 2001
-
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.
- Subjects :
- Industrial Organization
food and beverages
health care economics and organizations
Subjects
Details
- Database :
- OpenAIRE
- Accession number :
- edsair.od.......645..8af01cc52bb0be44609a825f53d357ec