Showing papers by "Andrew Muhammad published in 2013"
TL;DR: In this paper, the authors examined the implications of the violence and instability following the 2007 Kenyan elections and how it affected cut flower trade between Kenya and the EU and found that the post-election violence had a negative impact on EU imports from Kenya equivalent to €33 million.
10 citations
TL;DR: In this article, the differenced version of the almost ideal demand system is employed for estimating import demand by source and an iterative procedure is developed for deriving choke prices (prices at which imports are zero) and import demand estimates.
Abstract: Estimating import demand is particularly difficult when trade is seasonal because prices do not exist for observations with no recorded transaction. Fresh apple imports in the United Kingdom provide a perfect case of this particular problem due to periodic trade. In this study, the differenced version of the almost ideal demand system is employed for estimating import demand by source and an iterative procedure is developed for deriving choke prices (prices at which imports are zero) and import demand estimates. The appeal of this procedure is that the final estimates and choke prices are not sensitive to the starting values used for the initial estimation. When comparing the results of the choke price procedure to a more traditional approach of eliminating zeros by aggregating across countries, significant differences emerge. Results clearly show that the aggregate estimates do not adequately reflect the pattern of UK imports from seasonal suppliers.
9 citations
TL;DR: A special issue of Agribusiness: An International Journal focusing on emerging issues in global animal product trade, the theme of a conference hosted by the Economic Research Service (ERS), U.S. Department of Agriculture on September 27-28, 2012 in Washington, DC, in partnership with Farm Foundation, NFP, the Larry Combest Endowed Chair for Agricultural Competitiveness at Texas Tech University, and the S1043 Regional Research Group.
Abstract: In this special issue of Agribusiness: An International Journal we focus on emerging issues in global animal product trade, the theme of a conference hosted by the Economic Research Service (ERS), U.S. Department of Agriculture on September 27–28, 2012 in Washington, DC, in partnership with Farm Foundation, NFP, the Larry Combest Endowed Chair for Agricultural Competitiveness at Texas Tech University, and the S‐1043 Regional Research Group. The articles in this special issue highlight a range of factors affecting animal product trade such as import standards and regulations, import bans, preferential trade agreements, price transmission and volatility, exchange rate volatility, and demand growth in emerging markets. (This abstract was borrowed from another version of this item.)
4 citations
TL;DR: In this paper, the impact of exchange rates on source-differentiated import demand for beef in the USA was investigated using the Inverse Almost Ideal Demand System (INOVS).
Abstract: The non-linear Inverse Almost Ideal Demand System is used in estimating the impact of exchange rates on source-differentiated import demand for beef in the USA. We estimate scale, own and cross-price flexibilities for six major beef suppliers and the rest of the world, incorporating exchange rates exogenously. Results indicate that beef imports from Canada and ROW were own-price flexible but, the remaining countries – Argentina, Brazil, Uruguay, Australia and New Zealand were own-price inflexible. Though exchange rate pass-through differs among sources, nearly all of the exporting countries had a near complete exchange rate pass-through. All own exchange-rate effects are negative and significant, except beef imported from Uruguay while nearly all cross exchange-rate effects are insignificant.
1 citations