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          Volume 34, Number 03, December 2002 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15072

Title: JAPANESE IMPORT DEMAND FOR U.S. BEEF AND PORK: EFFECTS ON U.S. RED MEAT EXPORTS AND LIVESTOCK PRICES
Authors: Miljkovic, Dragan
Marsh, John M.
Brester, Gary W.
Keywords: elasticities
exchange rates
import demand
income
tariffs
JEL Codes: Q17
F14
C32
Issue Date: 2002-12
Abstract: Japanese import demand for U.S. beef and pork products and the effects on domestic livestock prices are econometrically estimated. Japan is the most important export market for U.S. beef and pork products. Results indicate foreign income, exchange rates, and protectionist measures are statistically significant. The comparative statistics quantify the effects of recent economic volatility. For example, the 1995-1998 depreciation in the Japanese yen (39%) reduced U.S. slaughter steer and hog prices by $1.29 per cwt and $0.99 per cwt, respectively, while the 1994-1998 reduction in tariffs (14%) increased slaughter steer and hog prices by $0.49 per cwt and $0.33 per cwt, respectively. Livestock producers will continue to have a vested interest in Asian trade liberalization policies.
URI: http://purl.umn.edu/15072
Institution/Association: Journal of Agricultural and Applied Economics>Volume 34, Number 03, December 2002
Total Pages: 12
Language: English
From Page: 501
To Page: 512
Collections:Volume 34, Number 03, December 2002

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