Iran stands first both in production and export of Pistachio in the world and earns sizable income from its export. Despite such a position in global market, Farmers and traders in the country are suffering from a wide kind of bottlenecks. This study aimed to define the critical constraints and to suggest the best way to reduce them. Necessary data were collected through personal interview of r...

The paper investigates price and quality competitiveness and comparative advantage in the new and old European Union Member States’ agri-food trade on the global market between 2000 and 2011. The empirical results show that the new and old Member States have become more similar in successful agri-food competitiveness and comparative advantages. The shares of successful price and successful qual...

Because enforcement of forestry law has become extremely difficult in Indonesia, a ban on export of logs has been suggested as a means of controlling over-harvest and illegal logging. A model of a log export ban can help us visualize its effects on the forestry sector. The model consists of simplified overviews of: the wood processing sector, demand – price feed back loops, forest standing stoc...

Directed Acyclic Graphs (DAG's) and Error Correction Models (ECM's) are employed to analyze questions of price discovery between spatially separated commodity markets and the transportation market linking them together. Results from our analysis suggest these markets are highly interconnected but it is the inland commodity market that is strongly influenced by both the transportation and commod...

A number of reasons have motivated our choice of oil, along with its past and expected future price evolution, as the subject in focus for the present book. A fi rst reason is the importance of oil in the world economy. In the early 2010s, the annual production value of this commodity, when measured at international prices, could be assessed at between $3500 and $4000 billion. World oil exports...

Elasticities of demand and supply for South African manufactured exports are estimated using a vector error correction model in order to address simultaneity and non-stationarity issues. Demand is highly price-elastic, with elasticities ranging from –3 to –6. The price elasticity of supply is generally about 1, but some estimates are as low as 0.35. Competitors’ prices and world income are impo...

Prices are typically used as proxies for countries’ export quality. I relax this strong assumption by exploiting both price and quantity information to estimate the quality of products exported to the U.S. Higher quality is assigned to products with higher market shares conditional on price. The estimated qualities reveal substantial heterogeneity in product markets’ scope for quality different...

In early 2013 rumors about the Euro-appreciation gained momentum, which may lead to decreases in exports and increases in imports of the member states. Therefore, we investigate the impact of changes in the nominal Euro exchange rate vis-à-vis major currencies on export and import performance of nine different Euro-area-countries. To disentangle the “true” equilibrium elasticities SURE system e...

How does an unexpected domestic monetary expansion a¤ect the foreign economy: Does it induce an increase or a decline in foreign production? And is it ’beggar-thy-neighbour’, or does it raise foreign welfare? Empirical evidence from VARs indicates that monetary policy has positive international transmission e¤ects on both foreign output and aggregate demand. A two-country dynamic general equili...