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East Asian Economic Review Vol. 12, No. 1, 2008. pp. 33-62.

DOI https://dx.doi.org/10.11644/KIEP.JEAI.2008.12.1.179

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Competitive Structure of U.S. Grain Exporters in the World Market: A Dynamic Panel Approach

Author

Hyun J. Jin

Chung¡ⓒAng University;North Dakota State University

hyunjin@cau.ac.kr

Dragon Miljkovic

Dragan.Miljkovic@ndsu.edu
Creative Commons Attribution License

EAER is an open access journal distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license.

Abstract

The objective of this study is to analyze the competitive structure of U.S. wheat, corn, and soybeans exporters in the world market. A dynamic two¡ⓒway panel estimator is utilized in the analysis in place of typically used two¡ⓒway fixed effects panel estimator. A broader (in terms of the number of destination markets) and more recent data sample is analyzed in this study in comparison to previous studies in order to reflect vast changes that occurred in world grain markets during the last twenty years. Results indicate the presence of pricing¡ⓒto¡ⓒmarkets behavior by U.S. grain exporters overall, and toward some importing countries in particular.

JEL classification: F14, L66

Keywords

Dynamic Panel Estimation, Grain Exports, Price Discrimination, Pricing¡ⓒto¡ⓒMarket

Language

English

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