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The Impact of Domestic and Foreign Macroeconomic Variables on U.S. Meat Exports

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  • Liu, Donald J.
  • Chung, Pin J.
  • Meyers, William H.

Abstract

This paper examines the impact of domestic and foreign macroeconomic variables on U.S. meat exports, including beef, pork, turkey, and chicken, in the context of an open economy. The results show that foreign macroeconomic variables exert more significant and persistent effects on U.S. meat exports than domestic macroeconomic variables. The implication is that the U.S. can increase its meat exports more effectively by expending efforts on international macroeconomic policy coordination rather than on domestic sectoral policy. The results also suggest that macroeconomic models of the agricultural sector should include foreign variables and should not be limited only to domestic ones.

Suggested Citation

  • Liu, Donald J. & Chung, Pin J. & Meyers, William H., 1993. "The Impact of Domestic and Foreign Macroeconomic Variables on U.S. Meat Exports," Agricultural and Resource Economics Review, Cambridge University Press, vol. 22(2), pages 210-221, October.
    • Handle: RePEc:cup:agrerw:v:22:y:1993:i:02:p:210-221_00
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    Cited by:

    1. Lei, Li-Fen & Sun, Lih-Chyun & Liu, His-Chiang, 1998. "Dynamic Linkages Between Prices And Imports For Japanese Frozen Tuna," 1998 Annual meeting, August 2-5, Salt Lake City, UT 20893, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Bliska, Flávia Maria de Mello & Guilhoto, Joaquim José Martins, 2000. "Impactos de alterações nas exportações brasileiras de carnes sobre a economia brasileira [Impacts of changes in the Brazilian meat exports on the Brazilian economy]," MPRA Paper 54231, University Library of Munich, Germany.
    3. Boetel, Brenda L. & Liu, Donald J., 2008. "Incorporating Structural Changes in Agricultural and Food Price Analysis: An Application to the U.S. Beef and Pork Sectors," Working Papers 44076, University of Minnesota, The Food Industry Center.
    4. Bliska, Flávia Maria de Mello & Guilhoto, Joaquim José Martins, 2001. "The world meat market and Brazilian economy: an econometric input-out analysis," MPRA Paper 54670, University Library of Munich, Germany.

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