A TIME-SERIES ANALYSIS OF THE U.S. DURUM WHEAT AND PASTA MARKETS

Ronald A. Babula and Karl M. Rich

Journal of Food Distribution Research, 2001, vol. 32, issue 2, 19

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.

Keywords: Industrial; Organization (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlofdr:27818

DOI: 10.22004/ag.econ.27818

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