As the real and nominal exchange rates have become more volatile since the early 1970s, the study of the effect of exchange rate on trade flows has come into sharp focus. While conventional effects of depreciation or appreciation of exchange rates on trade flows have been accepted and verified by...
A regime-switching model for market integration study is extended to incorporate dynamic trade flow information and risk perceptions based on an expected utility framework. An application of the extended model to the US-China soybean markets analysis shows that: One, the positive arbitrage rent uncounted-for in the extended model has been...
Foreign direct investment (FDI), the movement of long-term capital, has been increasingly important in the world economy since the early 1970s. Its growth rate outpaces that of trade in goods and gross national product (GNP) during the same period. Prior literature mostly focuses on either the causes (determinants) of FDI...
Attribution studies in social psychology predict that people tend to attribute the cause of natural disasters to factors associated with humans as opposed to nature per Se. The victims of natural disaster often consider natural disaster to be the result of not only natural forces but also human actions. This...
The performance of the meat products industry, the largest food processing sector in the U.S. in terms of shipment value, is an important issue. A key indicator of its performance is productivity growth, which results in reduction in the cost of production at given input prices. The present study employs...
Some amount of of consolidation has occurred under almost every individual quote program that has been implemented. In the most severe cases, fishing fleets have lost over 70% of their vessels. Because of the devastating impact such losses can have on fishing communities, it is vital that the potential for...
This research studies the cyclical behavior of agricultural farmland prices in the
United States with a special emphasis on how agricultural policies contribute to
farmland price movement.
The first stage of the study is to have a conceptual understanding of how
agricultural policies affect the behavior of farmland prices. A...
In November 1990, Oregon voters approved Ballot Measure 5,
placing an ultimate ceiling on local property tax rates of 1.5% of
market value (excluding specific levies for capital expenditure). Any
resulting shortfalls in local education revenues are to be made up by
transfers from state funds, at the expense of...