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Volume 36, Number 01, April 2004 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/43432
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| Title: | Effects of Japanese Import Demand on U.S. Livestock Prices: Comment |
| Authors: | Kinnucan, Henry W. |
| Keywords: | elasticities
exchange rates
import demand
income
supply response
tariffs |
| JEL Codes: | Q17
F14
C32 |
| Issue Date: | 2004-04 |
| Abstract: | A recent study of Miljkovic, Marsh, and Brester estimates that reductions in the Japanese tariff-rate quota between 1993 and 2001 increased U.S. beef prices by $1.03 per cwt and yen depreciation between 1995 and 1998 reduced U.S. hog prices by $0.99 per cwt. Relaxing the assumption that U.S. beef and hog supplies are fixed cuts the total elasticities underlying these estimates by 50% or more. The upshot is that shocks in the Japanese market have little effect on U.S. beef and pork prices. Hence, producers may be better off focusing on domestic issues such as dietary concerns over red meat consumption. |
| URI: | http://purl.umn.edu/43432 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 36, Number 01, April 2004 |
| Total Pages: | 5 |
| From Page: | 251 |
| To Page: | 255 |
| Collections: | Volume 36, Number 01, April 2004
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| Kinnucan JAAE April 2004.pdf | | 2943Kb | PDF | View/Open |
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