Policy and Structures of Japanese Import Demand for Beef and Feedgrains

The policy and import demand structures of beef, corn, and sorghum of Japan were reviewed and quantified by a system of 12 seemingly unrelated equations consisting of 12 endogenous and 23 exogenous variables. Due to statistical modeling problems, three modified versions of the original model were estimated and have mixed results in the t-tests. By using the root-mean-square error (RMSE), turning-point percentage error (TPPE), the ex post and the historical simulations collectively as criteria, Model II was chosen as the best paradigm. Empirical implications drawn from this model indicated that Japan's beef import quota, which is determined partly by the retail beef price variance and the per capita consumption of beef in Japan, is one of the significant factors that determine both the total beef imports and Japan's individual country imports. Hence, by the large country assumption, Japan could benefit from its protectionistic beef import policy. The model also confirmed price competition between Australia and New Zealand beef of identical quality and the quantitative substitution of U.S. and the Oceania beef due to quotas.

Name thesis:degree_name

Ph.D.

Level thesis:degree_level

Dissertation

Discipline thesis:degree_discipline

Agricultural Economics

Grantor

University of Illinois at Urbana-Champaign

Year dc:date

2014

Author dc:creator

• Jesdapipat, Dusit

• Economics, Agricultural

Identifier

(UMI)AAI8502192

OAI identifier oai:identifier

oai:www.ideals.illinois.edu:2142/69860