A DYNAMIC IMPORT DEMAND ANALYSIS OF HONDURAN COFFEE

The responsiveness of import demand for Honduran coffee to changing economic environments in its main trading partners was studied. Estimation included Johansen cointegration analysis and VAR models with Monte Carlo simulated error bands. Results indicate a significant response of Honduran coffee sales to changes in importers' incomes and import prices.International Relations/Trade,

THE IMPACT OF BRAZIL AND ARGENTINA'S CURRENCY DEVALUATION ON U.S. SOYBEAN TRADE

We analyzed the effects of Brazil and Argentinas currency devaluation on the U.S. soybean import demand in major importing countries. Results indicate that nominal exchange rates between the United States and importers affect the U.S. soybean export market. Additionally, we found evidence that currency depreciations have favored soybean exports from Argentina and Brazil at the cost of reduced exports from the United States. Increased world soybean demand has promoted export sales from major producers, affecting export prices. However, adoption of GM soybeans in the United States has been a determinant in decreased U.S. soybean exports.soybeans, exchange rates, third country effect, EC3SLS., Crop Production/Industries, International Relations/Trade,