This study examines the role of supplier attitudes and behavior on consumer response to a food-sa... more This study examines the role of supplier attitudes and behavior on consumer response to a food-safety incident. The objective is to investigate consumers' reactions to how the news of a food-safety scare is handled, reflected in price changes in the immediate neighborhood of the news.
This study identifies and evaluates the impact of perceived regulatory barriers to exports on Ken... more This study identifies and evaluates the impact of perceived regulatory barriers to exports on Kentucky agricultural firms and food processors. Two binary logistic regressions are used to analyze the impact of trade barriers, regulations, costs and risk on the decision to export and on a firm's interest in international marketing. Perceived cost constraints are found to inhibit a firm's decision to export products. A firm's interest in international marketing is negatively affected by perceived riskiness of international sales and perceived regulations during the initial consideration to enter foreign markets.
This study is to measure competitiveness and its effect on the quantity of Saudi exports of dates... more This study is to measure competitiveness and its effect on the quantity of Saudi exports of dates in the international market between 1990- 2011. In order to measure the competitiveness of date exports, the study depended on a number of indexes such as the revealed comparative advantage and the competitive advantage. The study also depended on the analysis of simple regression to study the relationship between the Saudi exports of dates and the competitiveness indexes during the study period. This study showed that the United Arab Emirates (UAE) is the main market for Saudi exports of dates, as it imported about 61.2%, followed by the United Kingdom (UK) at 12.8%, then Syria, Jordan, Kuwait, Sri Lanka, and Qatar at 3.8%, 1.5%, 1.4%, 1.1% and 1.1%, respectively between 2000 and 2011. The average of the revealed comparative advantage and the competitive advantage for Saudi exports of dates is 49.27 and 55.25 respectively. The Kingdom of Saudi Arabia is distinguished with the revealed ...
The intent of the present article is to measure the economic impact of access to healthy food on ... more The intent of the present article is to measure the economic impact of access to healthy food on obesity. This study uses a linear regression econometrics model to achieve this purpose. Obesity is considered as the dependent variable and a number of other factors such as the number and availability of farmers markets and Community Supported Agriculture programs in the U.S., the number and accessibility of fast food restaurants, and the availability of recreation and fitness facilities are considered as independent variables. Using the USDA county level data, the results show that beyond access to healthy food, many other factors explain the observed variations in obesity rates in the model. Moreover, the results indicate that the increase of household income and the increase of full service restaurants both have a negative impact on obesity rate. It was also observed that age plays a significant role in explaining obesity with people over 65 who likely eat healthier than people unde...
We quantified the impact of consumer awareness about beef safety on U.S. beef exports. An index t... more We quantified the impact of consumer awareness about beef safety on U.S. beef exports. An index to reflect consumer awareness is constructed based on publicized reports in the media. Results showed a 0.8% reduction in U.S. beef exports arose from foodborne-disease news. In addition, using impulse response functions derived from a panel vector autoregressive model (panel VAR with the system GMM estimator), we found that the negative impact of a shock in food safety news intensified after three quarters and then diminished. Investing in any scheme that minimizes the impact of food safety events, such as quality labeling, is suggested.
The U.S. fluid milk market has been experiencing two trends in the recent decade: the fast growth... more The U.S. fluid milk market has been experiencing two trends in the recent decade: the fast growth of private label milk and organic milk. Using the latest Nielsen Consumer Panel Dataset, we estimate a censored demand system to study the demand relations among types of milk differentiated by brand types and organic status. We find that sociodemographic factors still play important roles in household choice of milk types, and fluid milk, as a whole, is an inferior good. Moreover, as income increases, households are more likely to shift from buying conventional milk to organic milk and from private label conventional milk to branded conventional milk, as indicated by the asymmetric cross price elasticities. Corresponding implications for milk producers and marketers are discussed.
This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encep... more This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encephalopathy (BSE) discovery, the 2000 outbreak of foot and mouth disease (FMD), and the 1996 E. coli food po isoning events. Historical decomposition of retail-level price-series aids in explaining the behavior of beef prices in a neighborhood (period-by-period time interval) of the three events. This is based on an application of directed acyclic graphs, constructing orthogonal innovations to determine causal patterns behind contemporaneous innovations. The results show the beef safety events had different negative impacts on Japanese retail beef prices, suggesting that consumers understood and differentiated among the health risks. The results provide incentives for beef producers and retailers to proactively inform consumers about ongoing beef safety measures. Understanding consumer reaction to BSE, FMD and E. coli helps the beef industry restore consumer confidence after future food safety crises, and provides policy makers a basis for countermeasures and compensations. [EconLit citations: Q11, Q13.]
Retail beef and sheep prices have shown considerable increases between 2005 and 2012 in Turkey (T... more Retail beef and sheep prices have shown considerable increases between 2005 and 2012 in Turkey (TurkStat, 2013). The liquidation of dairy herd and limited imports are believed to have contributed to the increase in red-meat prices. In this study, we investigate the dynamic relationships along the beef and milk supply chains, using contemporary time-series analysis. Evaluation of the organic price links between milk and meat markets could help partially explain the reason behind recent beef price spikes.
This article addresses the recent beef price increases in Turkey. Spikes occurred due to the impa... more This article addresses the recent beef price increases in Turkey. Spikes occurred due to the impact of low milk prices, which led to the liquidation of dairy herds, and retailers' oligopolistic behavior. In this research, we investigate these issues by first concentrating on the mechanism of price transmission along the beef marketing channel, and then testing the possibility of market power. The empirical results reveal a differential impact on producers and retailers along the supply chain, consistent with imperfect competition. Price transmission is asymmetric and price margins widen. The results also reject the null hypothesis of perfect competition at the retail level, and show retail beef price behavior is consistent with the presence of oligopolistic market structure. Consolidation and dominance of downstream industries raise public concerns and has policy implications.
This paper explores the effects of increasing energy production in North Dakota on cropland rents... more This paper explores the effects of increasing energy production in North Dakota on cropland rents from 2009 to 2011. Results show a small negative impact of natural gas production revenue on average per acre rents. While small, the impact increased steadily over the three year period.
Achieving economic development is one of the most important economic goals of every country. Iden... more Achieving economic development is one of the most important economic goals of every country. Identifying the determinants of economic growth, is a useful tool for adopting appropriate economic policies. This study, therefore, empirically examines the impact of trade openness, foreign direct investment, and financial development on economic growth, across 62 countries over the period 1995–2016. These countries are divided into two groups: low-income and high-income countries. We employ the pooled mean group (PMG), mean group (MG), and dynamic fixed effect (DFE) estimation techniques on the cross-country panel data. The findings show a positive long run association between trade openness, foreign direct investment (FDI), financial development, labor, government expenditure, and economic growth in low-income countries, with a positive and negative short run effect from capital and government expenditures, respectively. For high-income countries, a positive long run association between ...
This study examines the influences of the power structure evolution along the global coffee value... more This study examines the influences of the power structure evolution along the global coffee value chain on coffee spot-futures commodity markets. Specifically, this study aims to analyze the mechanisms and extent to which the coffee spot-futures commodity markets are affected by shifts in the power structure in each phase following the collapse of the ICA from the perspective of price discovery and volatility spillovers by employing the PT–IS and bivariate EGARCH models. This research covers two actively traded coffee types, Arabica and Robusta, and utilizes daily time-series price data over 1990:01–2020:04 for Arabica and over 2008:01–2020:04 for Robusta. The empirical results indicate that coffee spot markets play a dominant role in price discovery for both Arabica and Robusta over all periods, and volatility spillovers occur from the coffee spot market to the futures markets. This study demonstrates to coffee market players that power structure evolutions across coffee’s global v...
This study examines the role of supplier attitudes and behavior on consumer response to a food-sa... more This study examines the role of supplier attitudes and behavior on consumer response to a food-safety incident. The objective is to investigate consumers' reactions to how the news of a food-safety scare is handled, reflected in price changes in the immediate neighborhood of the news.
This study identifies and evaluates the impact of perceived regulatory barriers to exports on Ken... more This study identifies and evaluates the impact of perceived regulatory barriers to exports on Kentucky agricultural firms and food processors. Two binary logistic regressions are used to analyze the impact of trade barriers, regulations, costs and risk on the decision to export and on a firm's interest in international marketing. Perceived cost constraints are found to inhibit a firm's decision to export products. A firm's interest in international marketing is negatively affected by perceived riskiness of international sales and perceived regulations during the initial consideration to enter foreign markets.
This study is to measure competitiveness and its effect on the quantity of Saudi exports of dates... more This study is to measure competitiveness and its effect on the quantity of Saudi exports of dates in the international market between 1990- 2011. In order to measure the competitiveness of date exports, the study depended on a number of indexes such as the revealed comparative advantage and the competitive advantage. The study also depended on the analysis of simple regression to study the relationship between the Saudi exports of dates and the competitiveness indexes during the study period. This study showed that the United Arab Emirates (UAE) is the main market for Saudi exports of dates, as it imported about 61.2%, followed by the United Kingdom (UK) at 12.8%, then Syria, Jordan, Kuwait, Sri Lanka, and Qatar at 3.8%, 1.5%, 1.4%, 1.1% and 1.1%, respectively between 2000 and 2011. The average of the revealed comparative advantage and the competitive advantage for Saudi exports of dates is 49.27 and 55.25 respectively. The Kingdom of Saudi Arabia is distinguished with the revealed ...
The intent of the present article is to measure the economic impact of access to healthy food on ... more The intent of the present article is to measure the economic impact of access to healthy food on obesity. This study uses a linear regression econometrics model to achieve this purpose. Obesity is considered as the dependent variable and a number of other factors such as the number and availability of farmers markets and Community Supported Agriculture programs in the U.S., the number and accessibility of fast food restaurants, and the availability of recreation and fitness facilities are considered as independent variables. Using the USDA county level data, the results show that beyond access to healthy food, many other factors explain the observed variations in obesity rates in the model. Moreover, the results indicate that the increase of household income and the increase of full service restaurants both have a negative impact on obesity rate. It was also observed that age plays a significant role in explaining obesity with people over 65 who likely eat healthier than people unde...
We quantified the impact of consumer awareness about beef safety on U.S. beef exports. An index t... more We quantified the impact of consumer awareness about beef safety on U.S. beef exports. An index to reflect consumer awareness is constructed based on publicized reports in the media. Results showed a 0.8% reduction in U.S. beef exports arose from foodborne-disease news. In addition, using impulse response functions derived from a panel vector autoregressive model (panel VAR with the system GMM estimator), we found that the negative impact of a shock in food safety news intensified after three quarters and then diminished. Investing in any scheme that minimizes the impact of food safety events, such as quality labeling, is suggested.
The U.S. fluid milk market has been experiencing two trends in the recent decade: the fast growth... more The U.S. fluid milk market has been experiencing two trends in the recent decade: the fast growth of private label milk and organic milk. Using the latest Nielsen Consumer Panel Dataset, we estimate a censored demand system to study the demand relations among types of milk differentiated by brand types and organic status. We find that sociodemographic factors still play important roles in household choice of milk types, and fluid milk, as a whole, is an inferior good. Moreover, as income increases, households are more likely to shift from buying conventional milk to organic milk and from private label conventional milk to branded conventional milk, as indicated by the asymmetric cross price elasticities. Corresponding implications for milk producers and marketers are discussed.
This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encep... more This study examines the time-varying Japanese price reactions to the 2001 Bovine Spongiform Encephalopathy (BSE) discovery, the 2000 outbreak of foot and mouth disease (FMD), and the 1996 E. coli food po isoning events. Historical decomposition of retail-level price-series aids in explaining the behavior of beef prices in a neighborhood (period-by-period time interval) of the three events. This is based on an application of directed acyclic graphs, constructing orthogonal innovations to determine causal patterns behind contemporaneous innovations. The results show the beef safety events had different negative impacts on Japanese retail beef prices, suggesting that consumers understood and differentiated among the health risks. The results provide incentives for beef producers and retailers to proactively inform consumers about ongoing beef safety measures. Understanding consumer reaction to BSE, FMD and E. coli helps the beef industry restore consumer confidence after future food safety crises, and provides policy makers a basis for countermeasures and compensations. [EconLit citations: Q11, Q13.]
Retail beef and sheep prices have shown considerable increases between 2005 and 2012 in Turkey (T... more Retail beef and sheep prices have shown considerable increases between 2005 and 2012 in Turkey (TurkStat, 2013). The liquidation of dairy herd and limited imports are believed to have contributed to the increase in red-meat prices. In this study, we investigate the dynamic relationships along the beef and milk supply chains, using contemporary time-series analysis. Evaluation of the organic price links between milk and meat markets could help partially explain the reason behind recent beef price spikes.
This article addresses the recent beef price increases in Turkey. Spikes occurred due to the impa... more This article addresses the recent beef price increases in Turkey. Spikes occurred due to the impact of low milk prices, which led to the liquidation of dairy herds, and retailers' oligopolistic behavior. In this research, we investigate these issues by first concentrating on the mechanism of price transmission along the beef marketing channel, and then testing the possibility of market power. The empirical results reveal a differential impact on producers and retailers along the supply chain, consistent with imperfect competition. Price transmission is asymmetric and price margins widen. The results also reject the null hypothesis of perfect competition at the retail level, and show retail beef price behavior is consistent with the presence of oligopolistic market structure. Consolidation and dominance of downstream industries raise public concerns and has policy implications.
This paper explores the effects of increasing energy production in North Dakota on cropland rents... more This paper explores the effects of increasing energy production in North Dakota on cropland rents from 2009 to 2011. Results show a small negative impact of natural gas production revenue on average per acre rents. While small, the impact increased steadily over the three year period.
Achieving economic development is one of the most important economic goals of every country. Iden... more Achieving economic development is one of the most important economic goals of every country. Identifying the determinants of economic growth, is a useful tool for adopting appropriate economic policies. This study, therefore, empirically examines the impact of trade openness, foreign direct investment, and financial development on economic growth, across 62 countries over the period 1995–2016. These countries are divided into two groups: low-income and high-income countries. We employ the pooled mean group (PMG), mean group (MG), and dynamic fixed effect (DFE) estimation techniques on the cross-country panel data. The findings show a positive long run association between trade openness, foreign direct investment (FDI), financial development, labor, government expenditure, and economic growth in low-income countries, with a positive and negative short run effect from capital and government expenditures, respectively. For high-income countries, a positive long run association between ...
This study examines the influences of the power structure evolution along the global coffee value... more This study examines the influences of the power structure evolution along the global coffee value chain on coffee spot-futures commodity markets. Specifically, this study aims to analyze the mechanisms and extent to which the coffee spot-futures commodity markets are affected by shifts in the power structure in each phase following the collapse of the ICA from the perspective of price discovery and volatility spillovers by employing the PT–IS and bivariate EGARCH models. This research covers two actively traded coffee types, Arabica and Robusta, and utilizes daily time-series price data over 1990:01–2020:04 for Arabica and over 2008:01–2020:04 for Robusta. The empirical results indicate that coffee spot markets play a dominant role in price discovery for both Arabica and Robusta over all periods, and volatility spillovers occur from the coffee spot market to the futures markets. This study demonstrates to coffee market players that power structure evolutions across coffee’s global v...
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