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Publication date: 25 July 2011

Kyle W. Stiegert, Guanming Shi and Jean-Paul Chavas

Objective – The current biotechnology revolution has been associated with newly developed genetic modifications (GM) that offer new prospects for increasing agricultural…

Abstract

Objective – The current biotechnology revolution has been associated with newly developed genetic modifications (GM) that offer new prospects for increasing agricultural productivity. This has stimulated a rapid adoption of GM corn hybrids by U.S. farmers. Yet, there is concern about the structure of competition among biotech firms that own patents over GM traits. This chapter evaluates the spatial differences in pricing of biotech corn hybrids, with a focus on the fringe versus core regions of the U.S. Corn Belt.

Methods – The analysis examines how local conditions and market concentrations affect the pricing of GM corn hybrids in different locations.

Results – We find evidence of more extensive subadditive pricing in the fringe region. We also examine how both own- and cross-market concentrations affect prices across regions. For GM hybrids, the results show that market power is generally more prevalent in the core region compared to the fringe.

Conclusions – The evidence shows that the pricing of GM corn hybrids varies across space. The observed pricing schemes benefit farmers more in the fringe than in the core region of the Corn Belt.

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Genetically Modified Food and Global Welfare
Type: Book
ISBN: 978-0-85724-758-2

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Article
Publication date: 26 January 2010

Jasper Fanning, Thomas Marsh and Kyle Stiegert

Fast food (FF) consumption increased dramatically through the 1990s in the USA, accounting for nearly 35.5 percent of total away‐from‐home expenditures in 1999. Given dramatic…

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Abstract

Purpose

Fast food (FF) consumption increased dramatically through the 1990s in the USA, accounting for nearly 35.5 percent of total away‐from‐home expenditures in 1999. Given dramatic changes in food consumption, and heightened public concern about health and obesity, there is a considerable need for research to understand better the factors affecting US FF consumption. This paper aims to fill this gap.

Design/methodology/approach

In this paper, logistic regression is applied to analyze the socioeconomic and demographic factors influencing the likelihood of consuming FF using United States Department of Agriculture data from the Continuing Survey of Food Intakes by Individuals from 1994 to 1996 and the Supplemental Children's Survey of 1998.

Findings

In general, the expected likelihood of FF consumption increases until around 20‐30 years of age and then decreases; increases as household income grows until about $50,000‐60,000 and then decreases; and decreases as household size grows. Further, males from the Midwest and South regions that live outside central cities in Metropolitan Statistical Areas have the highest likelihood of consuming FF.

Originality/value

While much literature has addressed key questions about expenditure on food away from home, this study complements previous work by focusing on food items consumed from FF facilities in the 1990s. In addition, the results find highly significant and important (statistically and economically) interactions between the likelihood of FF consumption and age, income, and household size.

Details

British Food Journal, vol. 112 no. 1
Type: Research Article
ISSN: 0007-070X

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Available. Content available
Book part
Publication date: 25 July 2011

Abstract

Details

Genetically Modified Food and Global Welfare
Type: Book
ISBN: 978-0-85724-758-2

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Article
Publication date: 25 February 2014

Sulaman Hafeez Siddiqui, Muhammad Zafarullah, Muhammad Ijaz Latif and Ghulam Shabir

The purpose of this paper is to postulate the impact of preferential trade agreements (PTAs) on internationalization strategies of member countries’ firms. The study also aims to…

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Abstract

Purpose

The purpose of this paper is to postulate the impact of preferential trade agreements (PTAs) on internationalization strategies of member countries’ firms. The study also aims to triangulate the proposed model using empirical data from PTA partner economies.

Design/methodology/approach

The mixed methods research design is used for the purpose of inquiry as suggested by Creswell. The inductive reasoning based on critical literature review and grounded theory methodology is used to postulate the model. Explanatory strength of the model is triangulated using empirical longitudinal trade data of Pakistan with her bilateral PTA partners, i.e. Malaysia, Mauritius, Iran, Sri Lanka and China. Internationalization indices are adapted following the Ietto-Gillies and London (2009) and Petri (1994) to measure the intensity and geographical diversification dimensions of internationalization. Country-level trade statistics are used as a proxy of firm-level data to explain the international expansion of home firms resulting from PTAs.

Findings

Empirical results confirm a strong and long-term impact of PTAs on the intensity and extensity dimensions of internationalization over post-agreement period in Pakistan and member economies. Gravity index depicts greater concentration of Pakistan's trade in FTA markets and thereby confirms the influence of PTAs on international market selection. Analysis at sectoral level depicts a contraction in services trade whereas expansion in the manufacturing firms’ export growth to member economies.

Originality/value

The paper extends the theory of internationalization by identifying PTAs as exogenous variable influencing internationalization strategies of member countries’ firms in a developing South Asian context. Coupled with findings from empirical data, the study identifies PTAs as a new strategic trade policy tool available to policy makers for promoting and influencing the home firms’ internationalization strategies.

Details

South Asian Journal of Global Business Research, vol. 3 no. 1
Type: Research Article
ISSN: 2045-4457

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