Economic Effects of a Countervailing Duty Order on the U.S. Lamb Meat Industry

1997 ◽  
Vol 26 (1) ◽  
pp. 82-93 ◽  
Author(s):  
Ronald A. Rabula
Keyword(s):  
Economic Effects ◽  
Parameter Estimates ◽  
Meat Industry ◽  
Demand And Supply ◽  
Lamb Meat ◽  
Market Impacts ◽  
Three Stage Least Squares ◽  
Price Demand ◽  
Published Research ◽  
The U.S

This paper provides the model, analysis, and results of the investigative research by the U.S. International Trade Commission (USITC) staff on the U.S. lamb market impacts from the countervailing duty (CVD) order imposed on certain U.S. imports of New Zealand lamb meat during 1985–90. Presented here are the monthly three-stage least squares model of the U.S. lamb meat industry at the wholesale or meat-packing level, along with the econometric results and analyses obtained from the USITC investigation. Analysis of model results quantifies average estimated CVD-attributed effects on U.S. lamb price, demand and supply of domestically produced lamb, and U.S. lamb import levels. A number of economic parameter estimates and inference results concerning U.S. wholesale lamb market relationships are reported and are of interest, given the scarce published research on the U.S. lamb industry.

The Future of Global Great Power Competition after the Coronavirus

2020 ◽  
pp. 79-92
Author(s):  
Burhanettin Duran
Keyword(s):  
World War Ii ◽  
International System ◽  
Radical Change ◽  
Economic Effects ◽  
World War ◽  
Health Security ◽  
Self Sufficiency ◽  
The Future ◽  
Policy Agendas ◽  
The U.S

Due to the COVID-19 pandemic, the domestic and foreign policy agendas of all countries have been turned upside down. The pandemic has brought new problems and competition areas to states and to the international system. While the pandemic politically calls to mind the post-World War II era, it can also be compared with the 2008 crisis due to its economic effects such as unemployment and the disruption of global supply chains. A debate immediately began for a new international system; however, it seems that the current international system will be affected, but will not experience a radical change. That is, a new international order is not expected, while disorder is most likely in the post-pandemic period. In an atmosphere of global instability where debates on the U.S.-led international system have been worn for a while, in the post-pandemic period states will invest in self-sufficiency and redefine their strategic areas, especially in health security. The decline of U.S. leadership, the challenging policies of China, the effects of Chinese policies on the U.S.-China relations and the EU’s deepening crisis are going to be the main discussion topics that will determine the future of the international system.

scholarly journals Global Welfare Impacts of U.S. Meat Promotion Activities

2009 ◽  
Vol 38 (3) ◽  
pp. 418-430 ◽  
Author(s):  
Shida Rastegari Henneberry ◽  
Joao E. Mutondo ◽  
B. Wade Brorsen
Keyword(s):  
Imperfect Competition ◽  
Meat Industry ◽  
Supply Source ◽  
Welfare Impacts ◽  
Equilibrium Displacement Model ◽  
Equilibrium Displacement ◽  
Beef Producers ◽  
Global Welfare ◽  
Meat Markets ◽  
The U.S

An equilibrium displacement model of the U.S. meat markets is used to measure the potential impacts of promotion investment, differentiating meats by types and by supply source, taking into account the U.S. participation in global meat markets, and considering imperfect competition in the meat industry. The increase in U.S. producer welfare resulting from a 10 percent increase in promotion ranges from -$1.29 million to $2.60 million for U.S. beef producers and from -$0.96 million to $1.67 million for U.S. pork producers, depending primarily on the advertising elasticity used.

scholarly journals Effects of Country of Origin Labeling in the U.S. Meat Industry with Imperfectly Competitive Processors

2009 ◽  
Vol 38 (3) ◽  
pp. 406-417 ◽  
Author(s):  
Chanjin Chung ◽  
Tong Zhang ◽  
Derrell S. Peel
Keyword(s):  
Price Elasticity ◽  
Country Of Origin ◽  
Import Price ◽  
Consumer Welfare ◽  
Domestic Demand ◽  
Meat Industry ◽  
Equilibrium Displacement Model ◽  
Country Of Origin Labeling ◽  
Imperfectly Competitive ◽  
The U.S

The study examines the impacts of implementing mandatory country of origin labeling (COOL) on producer and consumer welfare in the U.S. meat industry. The equilibrium displacement model developed in this study includes twenty-nine equations representing retail-, processing-, and farm-level equilibrium conditions for the beef, pork, and chicken industries. Unlike previous studies, the model allows trade between domestic- and foreign-origin products and considers the imperfectly competitive market structure of meat processers. Empirical results show that without a significant increase in domestic meat demand, producers are not expected to benefit from the mandatory COOL implementation. Results of a sensitivity analysis indicate that consumers tend to bear more COOL costs than producers, as the own-price elasticity becomes more inelastic, and that producers’ benefits increase as the elasticity of domestic demand becomes more elastic with respect to the price of imported products. The existence of market power in upstream and downstream markets of processors negatively affects both consumer and producer surplus. One implication of our findings is that U.S. beef and pork producers’ promotion and advertising programs would be successful in expanding domestic demand when the programs make the own-price elasticity of domestic demand more inelastic and the cross-price elasticity of domestic demand more elastic with respect to import price.

scholarly journals Economic Effects of Means-Tested Transfers in the U.S.

2002 ◽  
Vol 16 ◽  
pp. 1-35 ◽  
Author(s):  
Robert Moffitt
Keyword(s):  
Economic Effects ◽  
The U.S

scholarly journals The spatial integration of potato wholesale markets of Uttarakhand in India

2017 ◽  
Vol 14 (2) ◽  
pp. 20-30 ◽  
Author(s):  
A Kumar ◽  
R Mishra
Keyword(s):  
Wholesale Price ◽  
Likelihood Method ◽  
Spatial Integration ◽  
Market Information ◽  
Demand And Supply ◽  
Vector Error Correction ◽  
Vector Error ◽  
Long Run ◽  
Short Run ◽  
Price Demand

This paper analyzes the spatial integration of potato markets in Uttarakhand using monthly wholesale price for ten years. The maximum likelihood method of cointegration developed by Johansen (1988) was used in the study. The dynamics of short-run price responses were examined using vector error correction model (VECM). The results indicated that five potato markets reacted on the long-run cointegrating equations while the speed of price adjustment in the short-run was almost absent. Moreover, it was found that the longer the distance between the markets, the weaker the integration was. To increase the efficiency of potato markets in Uttarakhand, there is need to focus on building an improved market information system. This system should be able to disseminate timely market information about price, demand and supply of produce to enable producers, traders and consumers to make proper production and marketing decisions.SAARC J. Agri., 14(2): 20-30 (2016)

Collusion-enhancing effects of the own- and cross-price demand elasticities in merging multiproduct food industries: The case of chicken and red meat in the United States

2018 ◽  
Vol 47 (3) ◽  
pp. 223-232 ◽  
Author(s):  
Dimitrios Panagiotou
Keyword(s):  
Food Industry ◽  
The United States ◽  
Red Meat ◽  
Meat Industry ◽  
Meat Processing ◽  
Health Concerns ◽  
Food Industries ◽  
Demand Elasticities ◽  
The Us ◽  
Price Demand

The recent wave of megamergers sweeping the US food industry has raised significant concerns regarding “conglomerate” market power. Beef processors have been merging with pork and/or poultry processors (and vice versa). Concurrently, consumers have changed their attitude toward diet and health. The poultry industry has been more responsive to the changes in consumers’ lifestyles than the red meat industry by providing products which address health concerns. As a consequence, consumers exhibit stronger preference for chicken and are more willing to substitute chicken for red meat. The objective of this study is to examine the sustainability of collusion between multiproduct meat processing firms, under different values of the own-price demand flexibility of chicken as well as cross-price elasticities of demand between the markets of chicken and red meat. The findings indicate that the less (more) responsive demand for chicken gets to changes in its own price (price of red meat), the easier it gets for firms to sustain collusion.

The Effect of Pay and Retention Bonuses on Quit Rates in the U.S. Army

ILR Review ◽  
1988 ◽  
Vol 41 (3) ◽  
pp. 430-438 ◽  
Author(s):  
Hyder Lakhani
Keyword(s):  
Labor Market ◽  
Least Squares ◽  
Quit Rate ◽  
General Skills ◽  
Three Stage Least Squares ◽  
The U.S ◽  
Combat Soldiers

This paper investigates the effects of pay and reenlistment bonuses on quit rates in the U.S. Army. A three stage least squares analysis of 1981 data shows that quit rates were negatively related to pay level and, even more so, to the size of the bonus offered. The effects on the quit rate were significantly greater, however, for soldiers in combat occupations than for those in noncombat occupations. The author speculates that the skills learned by combat soldiers are less marketable in the civilian labor market than the more general skills acquired by noncombat soldiers; he thus urges higher bonuses in noncombat occupations.

scholarly journals Misspecification in Simultaneous Systems: An Alternative Test and Its Application to a Model of the Shrimp Market

1988 ◽  
Vol 20 (2) ◽  
pp. 65-72 ◽  
Author(s):  
J. D. Lea ◽  
J. S. Shonkwiler
Keyword(s):  
Null Hypothesis ◽  
Structural Model ◽  
A Priori ◽  
Econometric Models ◽  
Specification Test ◽  
Alternative Test ◽  
Three Stage Least Squares ◽  
Simultaneous Systems ◽  
Reduced Forms ◽  
The U.S

AbstractConcern over the effects of public policies based on misspecified econometric models motivates interest in a procedure to test, diagnose, and improve the specification of models that have been estimated with three-stage least squares. A test of system-wide specification based on Hausman's specification test is employed in a test of the a priori restrictions placed on the parameters of a structural model of the U.S. shrimp market. The null hypothesis of proper specification is rejected. After diagnosis via a comparison of unrestricted and restricted reduced forms and respecification, the null hypothesis cannot be rejected.

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