Optimal timing in the problem of family farm transfer from parent to child: an option value approach
Agricultural trade in North America: Trade creation, regionalism and regionalisation
Trade creation in agricultural products is defined as a statistically significant positive break in the trend function of the growth in exports and imports between member countries. The present study...
Dominant factors in determining real money holdings in Poland, Hungary, and Slovenia during a transition period characterized by high inflation are analyzed. Two hypotheses are tested. Cagan's model...
Measuring and causes of inequality in farm sizes in the United States
This article examines the notion of farm size inequality expressed as sales inequality in the United States. The farm size index (FSI) is developed as a measure of farm size inequality. FSIs are...
The Kyoto Protocol: Economic Effects of Energy Prices on Northern Plains Dryland Grain Production
John M. Antle, Susan M. Capalbo, James B. Johnson, Dragan Miljkovic
This study examined possible economic impacts on Northern Plains grain producers of policies that could be undertaken by the United States to comply with the Kyoto Protocol. The paper begins with a...
Import Demand for Quality in the Japanese Beef Market
The case of reduction in ad valorem tariffs as a trade liberalization policy is considered in this article. It is shown that the reduction leads to a higher quality of imports, ceteris paribus. This...
Market Integration in US Gasoline Markets.
Paul, Rodney J, Miljkovic, Dragan, Ipe, Viju
This paper analyses the degree of market integration in the retail gasoline markets in the United States after it was completely deregulated in 1981. The monthly average prices of unleaded regular...
Exchange rate pass-through, price discrimination, and US meat export prices
Dragan Miljkovic, Gary W. Brester, John M. Marsh
Exports are becoming increasingly important for US livestock and poultry producers. Consequently, meat industry participants are concerned about the potential impacts of variations in relative...
Dragan Miljkovic, William Nganje
Obesity is considered one of the largest public health problems in the United States today. The premise for our study is a body of results from medical research showing that sweetened foods, i.e., an...
Miljkovic, Dragan, Jin, Hyun J., Paul, Rodney
The paper emphasizes three interrelated questions about the decline in relative farm to non-farm prices in the United States since 1973: (1) Is it unusual, (2) What caused it, and (3) Is it likely to...
Effects of Japanese Import Demand on U.S. Livestock Prices: Reply
Dragan Miljkovic, John M. Marsh, Gary W. Brester
In responding to a comment article, we concur that quantifying U.S. livestock price response to changing Japanese meat import demand requires nonzero supply elasticities beyond one quarter. However,...
Japanese Import Demand for U.S. Beef and Pork: Effects on U.S. Red Meat Exports and Livestock Prices
Dragan Miljkovic, John M. Marsh, Gary W. Brester
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...
Garcia, Roberto J, Miljkovic, Dragan, Gomez, Miguel I
The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall imports and coarse grain imports in command economies; (b) to measure the importance...
Miljkovic, Dragan, Garcia, Roberto J
Efforts to stabilize employment and output in the agricultural sector of Yugoslavia through monetization contributed to inflationary pressures. Granger causality tests suggest that increases in the...
The Exchange Rate Pass-through into Import Prices: The Case of Japanese Meat Imports
Miljkovic, Dragan, Zhuang, Renan
The effect of exchange rate pass-through on import prices is a question of significant interest to many nations and especially those with permanent trade deficit. Japan is traditional net importer of...
Data Aggregation and Information Loss
McKee, Gregory, Miljkovic, Dragan
Analysts often use a single average or otherwise aggregated price series to represent several geographic or product markets even when disaggregate data are available. We hypothesize that such an...
Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case
Onyango, Benjamin, Miljkovic, Dragan, Hallman, William, Nganje, William, Condry, Sarah, Cuite, Cara
This paper examines public perceptions on food safety particularly relating to spinach, which was subject of countrywide recall in 2006. Results indicate that food safety perceptions may be driven by...
Miljkovic, Dragan, Mostad, Daniel
The goal of this study is twofold: to determine if in the long run health concerns affect, via changes in consumer dietary preferences, the retail demand for beef in the United States and to...
Analysis of Multiple Structural Breaks in Relative Farm Prices in the United States, 1913-2003
We analyze the movement of farm prices relative to other commodity prices in the period 1913:1-2003:12, investigating the number and time of structural breaks and discussing likely causes of...
U.S. and Canadian Livestock Prices: Market Integration and Trade Dependence
Cointegration of Canadian and U.S. livestock prices points to the existence of market integration in the period 1996:1 to 2004:12 even though the trade flows of livestock and beef products were...
This session focuses on applications of various migration, family labor and labor market models in international settings. Papers include: Rural Labor Mobility in China: Net Flows and Trends, Bryan...
The Pitfalls of Transition: Crowding Out the “National Virtues”
In this paper a view is advanced that explains why the transition to markets did not always lead to the outcomes predicted by the Washington Consensus type strategies. Institutional portfolio theory...
TRANSPORTING THE EXPORT-BOUND GRAIN BY RAIL: A STUDY OF MARKET INTEGRATION
This study addresses the issues of market integration in railroad industry analyzing the export-bound grain transportation. A spatial analysis involving four origin states (Illinois, Iowa, Minnesota...
U.S. and Canadian Livestock Prices: Market Integration and Trade Dependence
Cointegration of Canadian and U.S. livestock prices points to the existence of market integration in the period 1996:1 to 2004:12 even though the trade flows of livestock and beef products were...
Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case
Onyango, Benjamin, Miljkovic, Dragan, Hallman, William, Nganje, William, Condry, Sarah, Cuite, Cara
This study analyzes public perceptions on food safety using a national survey conducted soon after the nationwide spinach recall (November 2006). We explore relationships between peoples' perceived...
Miljkovic, Dragan, Jin, Hyun J., Paul, Rodney
The paper emphasizes three interrelated questions about the decline in relative farm to non-farm prices in the United States since 1973; 1) Is it unusual, 2) What caused it, and 3) Is it likely to...
Offsetting Behavior and the Benefits of Food Safety Policies
Nganje, William, Miljkovic, Dragan, Voica, Daniel, Onyango, Benjamin
The net effect of food policies, viewed in terms of reduction of foodborne illness, death and food related diseases from obesity, may sometimes be much smaller than the predicted effect because of...
Lewis, Andrew, Nganje, William E., Mattson, Jeremy W., Miljkovic, Dragan, Wilson, William W.
This study provides a framework to value investment strategies to mitigate possible agro-terrorism occurrences in the food supply chain and to determine where these investments would reduce the most...
Ndembe, Elvis, Nganje, William, Miljkovic, Dragan
Foodborne disease outbreaks have a tremendous impact on society, including foodborne illnesses, hospitalizations, lost work time, and deaths. These food-safety events have a significant influence in...
Nature of Dynamic Relationships Between Farm Real Estate Values and Federal Farm Program Payments
Shaik, Saleem, Miljkovic, Dragan
The objective of this study is to test the dynamic relationships among variables including farm real estate values, farm returns, farm program payments, and real interest rates in an income...
TRADE LIBERALIZATION AND CHANGING COMPOSITION AND QUALITY OF IMPORTS IN JAPANESE BEEF IMPORT MARKETS
We show that the reduction of an ad-valorem tariff lead to an increase in Japanese imports of higher quality US beef relative to the lower quality Australian beef. Increasingly more efficient US beef...
The impact of socio-economic factors on political instability: A cross-country analysis
Miljkovic, Dragan, Rimal, Arbindra
We argue that political instability is a good indicator of disturbances in development. Moreover we argue that the causality between the political instability and the economic growth is often...
The pitfalls of transition: Crowding out the "National Virtues"
In this paper a view is advanced that explains why the transition to markets did not always lead to the outcomes predicted by the Washington Consensus type strategies. Institutional portfolio theory...
The Exchange Rate Pass-through into Import Prices: The Case of Japanese Meat Imports
Miljkovic, Dragan, Zhuang, Renan
The effect of exchange rate pass-through on import prices is a question of significant interest to many nations and especially those with permanent trade deficit. Japan is traditional net importer of...
Data Aggregation and Information Loss
McKee, Gregory, Miljkovic, Dragan
Analysts often use a single average or otherwise aggregated price series to represent several geographic or product markets even when disaggregate data are available. We hypothesize that such an...
Food Recalls and Food Safety Perceptions: The September 2006 Spinach Recall Case
Onyango, Benjamin, Miljkovic, Dragan, Hallman, William, Nganje, William, Condry, Sarah, Cuite, Cara
This paper examines public perceptions on food safety particularly relating to spinach, which was subject of countrywide recall in 2006. Results indicate that food safety perceptions may be driven by...
US and Canadian livestock prices: market integration and trade dependence
Cointegration of Canadian and US livestock prices points to the existence of market integration in the period January 1996 to December 2004. Trade flows of livestock and beef products were...
Miljkovic, Dragan, Garcia, Roberto J.
Efforts to stabilized employment and output in the agricultural sector of Yugoslavia through monetization contributed to inflationary pressures. Granger causality tests suggested that increases in...
Garcia, Roberto J., Miljkovic, Dragan, Gomez, Miguel I.
The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall imports and coarse grain imports in command economies; (b) to measure the importance...
JAPANESE IMPORT DEMAND FOR U.S. BEEF AND PORK: EFFECTS ON U.S. RED MEAT EXPORTS AND LIVESTOCK PRICES
Miljkovic, Dragan, Marsh, John M., Brester, Gary W.
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...
Effects of Japanese Import Demand on U.S. Livestock Prices: Reply
Miljkovic, Dragan, John M., Marsh, Gary W., Brester
In responding to a comment article, we concur that quantifying U.S. livestock price response to changing Japanese met import demand requires nonzero supply elasticities beyond one quarter. However,...
Food safety risk perceptions as a tool for market segmentation: The USA poultry
Onyango, Benjamin, Rimal, Arbindra, Miljkovic, Dragan, Hallman, Willaim
This study uses data from a 2006 survey on potential AI outbreak in USA to explore application of risk perceptions as a segmentation tool in the poultry meat market. Preliminary results from...
THE KYOTO PROTOCOL: ECONOMIC EFFECTS OF ENERGY PRICES ON NORTHERN PLAINS DRYLAND GRAIN PRODUCTION
Antle, John M., Capalbo, Susan M., Johnson, James B., Miljkovic, Dragan
This study examined possible economic impacts on Northern Plains grain producers of policies that could be undertaken by the United States to comply with the Kyoto Protocol. The paper begins with a...
Import Demand for Quality in the Japanese Beef Market
The case of reduction in ad valorem tariffs as a trade liberalization policy is considered in this article. It is shown that the reduction leads to a higher quality of imports, ceteris paribus. This...
Rimal, Arbindra, Onyango, Benjamin, Miljkovic, Dragan, Hallman, William
A clear understanding of consumers’ perception and attitude toward food risk and their behavior to food recall is important in order to develop an effective crisis management program at...