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Dive into the research topics where Daniel H. Pick is active.

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Featured researches published by Daniel H. Pick.


American Journal of Agricultural Economics | 1990

Whither Armington Trade Models

Julian M. Alston; Colin A. Carter; Richard D. Green; Daniel H. Pick

The Armington trade model distinguishes commodities by country of origin, and import demand is determined in a separable two-step procedure. This framework has been applied to numerous international agricultural markets with the objective of modeling import demand. In addition, computable general equilibrium (CGE) models commonly employ the Armington formulation in the trade linkage equations. The purpose of this paper is to test the Armington assumptions of homotheticity and separability with data from the international cotton and wheat markets. Both parametric and nonparametric tests were performed, and the empirical results reject the Armington assumptions. This has important implications for international trade modeling and CGE modeling.


American Journal of Agricultural Economics | 2008

Geographical Indications and the Competitive Provision of Quality in Agricultural Markets

GianCarlo Moschini; Luisa Menapace; Daniel H. Pick

The economics of geographical indications (GIs) is assessed within a vertical product differentiation framework that is consistent with the competitive structure of the agricultural sector with free entry/exit. It is assumed that certification costs are needed for GIs to serve as (collective) credible quality certification devices, and production of high-quality product is endogenously determined. We find that GIs can support a competitive provision of quality that partly overcomes the market failure and leads to clear welfare gains, although they fall short of delivering the (constrained) first-best level of the high-quality good. The main beneficiaries of the welfare gains are consumers. Producers may also accrue some benefit if the production of high-quality products draws on scarce factors that they own.


American Journal of Agricultural Economics | 1991

The Competitive Structure of U.S. Agricultural Exports

Daniel H. Pick; Timothy A. Park

The competitive structure of U.S. agricultural exports is examined using a model of exporter behavior based on pricing decisions across destination markets. Market power is revealed in the adjustment patterns of export prices in response to exchange rate movements. The results reject the hypothesis that the export pricing decisions by U.S. firms are consistent with price discrimination across destination markets for cotton, corn, and soybeans. The strongest evidence against the competitive market structure is obtained for international trade in wheat, where results indicate that the two largest importers (Soviet Union and PRC) may exert market power to obtain lower prices.


American Journal of Agricultural Economics | 1999

The Economics of Foreign Direct Investment and Trade with an Application to the U.S. Food Processing Industry

Munisamy Gopinath; Daniel H. Pick; Utpal Vasavada

This paper investigates the determinants of foreign direct investment (FDI) and its relationship to trade in the U.S. food processing industry. A representative multinational corporation maximizes profits by choosing between production in the home country, which is exported, and production in a foreign country. This introduces the possibility that foreign affiliate sales can be a substitute and/or complement for exports. The empirical framework consists of a system of four equations with foreign affiliate sales, exports, affiliate employment, and FDI as endogenous variables. The results confirm a small substitution between foreign affiliate sales and exports. The empirical evidence supports the hypothesis that FDI is also protection-jumping.


American Journal of Agricultural Economics | 1990

Exchange Rate Risk and U.S. Agricultural Trade Flows

Daniel H. Pick

This paper analyzes the effect of exchange rate risk on U.S. agricultural trade flows. A model which incorporates exchange rate risk is applied to ten countries. While exchange rate risk was not significant in the seven developed markets, results indicate that the exchange rate variable adversely affected U.S. agricultural exports to the three developing countries used in the analysis. These findings underscore the importance of exchange rate risk in developing countries trading behavior. Issues such as establishment of well-developed financial and commodity markets in developing countries must be addressed in future research.


American Journal of Agricultural Economics | 1994

Pricing to Market with Transactions Denominated in a Common Currency

Daniel H. Pick; Colin A. Carter

We present a model with two exporters who ship a differentiated commodity to the same import destination. All pricing occurs in a common currency, that of the home exporter. We show that the foreign-exporter to home-exporter exchange rate can influence the home exporters pricing decision. It has been previously argued that only the importer to home-exporter exchange rate matters to the home exporter.


American Journal of Agricultural Economics | 2002

Regionalism in the Western Hemisphere and Its Impact on U.S. Agricultural Exports: A Gravity-Model Analysis

Steven Zahniser; Daniel H. Pick; Greg Pompelli; Mark J. Gehlhar

The last fifteen years of the twentieth century were marked by important achievements in the area of agricultural trade liberalization in the Western Hemisphere. In North America, Canada, Mexico, and the United States forged the North American Free Trade Agreement (NAFTA). This accord, which took effect on 1 January 1994, is dismantling most tariff and non-tariff barriers for trading between its members. NAFTA also incorporates the Canada-U.S. Free Trade Agreement (CFTA), an accord similar to NAFTA that took effect


Applied Economics | 2004

An empirical analysis of productivity growth and industrial concentration in us manufacturing

Munisamy Gopinath; Daniel H. Pick; Yonghai Li

This manuscript focuses on the productivity-industrial concentration relationship in the US manufacturing industries, while accounting for external and internal sources of knowledge. It is found that there is a critical level of industrial concentration beyond which its relationship with productivity growth becomes negative. Results suggest that static welfare losses of increasing concentration in manufacturing industries can be offset by welfare gains from productivity growth.


American Journal of Agricultural Economics | 1989

The J-Curve Effect and the U.S. Agricultural Trade Balance

Colin A. Carter; Daniel H. Pick

According to the J-curve theory, following a currency depreciation, there will be an initial deterioration of the trade balance before an improvement is realized. This paper finds empirical evidence indicating the first segment of the J-curve does exist for the U.S. agricultural trade balance. A 10% depreciation of the U.S. dollar is estimated to lead a deterioration of the agricultural trade balance that will last for about nine months.


Applied Economics | 2013

Exchange rate uncertainty and US bilateral fresh fruit and fresh vegetable trade: an application of the gravity model

Ian M. Sheldon; S. Khadka Mishra; Daniel H. Pick; Stanley R. Thompson

In order to analyse the effect of exchange rate uncertainty, we apply an empirical gravity equation to two sets of US bilateral trade data: fresh fruit over the period 1976–1999 for a panel of 26 countries; and fresh vegetables over the period 1976–2006 for a panel of nine countries. Based on panel estimation methods, and using both a moving SD measure and the Perée and Steinherr (1989) measure of exchange rate uncertainty, the results show that US bilateral fresh fruit trade has been negatively affected by exchange rate uncertainty. We also find some evidence that the exchange rate between the US dollar and the currencies of Latin American trading partners accounts for most of the negative impact of exchange rate uncertainty on bilateral trade flows in fresh fruit. In contrast, when using panel estimation methods and both measures of exchange rate uncertainty, we find no statistically significant evidence for any negative effect of exchange rate uncertainty on US bilateral fresh vegetable trade. However, we do find a statistically significant negative effect for exchange rate uncertainty when we estimate a US export gravity equation for fresh vegetables using the same panel of countries.

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Carlos Arnade

United States Department of Agriculture

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Mark J. Gehlhar

United States Department of Agriculture

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Timothy A. Park

University of Nebraska–Lincoln

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Utpal Vasavada

United States Department of Agriculture

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