International trade fdi a focus on ftaa
Download
1 / 21

International Trade FDI: A Focus on FTAA - PowerPoint PPT Presentation


  • 98 Views
  • Uploaded on

International Trade & FDI: A Focus on FTAA. Mary A. Marchant (U. of KY) Tigran A. Manukyan (U. of KY) Won Koo (No. Dakota State U.). Overview. Recent Trends in Trade & FDI Research Objectives Theoretical Model Empirical Results . Recent Trends in Trade & FDI.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'International Trade FDI: A Focus on FTAA' - ethanael


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
International trade fdi a focus on ftaa l.jpg

International Trade & FDI: A Focus on FTAA

Mary A. Marchant (U. of KY)

Tigran A. Manukyan (U. of KY)

Won Koo (No. Dakota State U.)


Overview l.jpg
Overview

  • Recent Trends in Trade & FDI

  • Research Objectives

  • Theoretical Model

  • Empirical Results


Recent trends in trade fdi l.jpg
Recent Trends in Trade & FDI

  • Evolving importance of the export market for

    • U.S. agriculture

    • FTAA


Slide4 l.jpg

Exports fell sharply during the financial

crisis of the 1980s, recovering late in the

decade as interest rates fell. They fell again

late in the 1990s as the “Asian Flu” gripped

many client nations.


Recent trends in trade fdi5 l.jpg
Recent Trends in Trade & FDI

  • Changing composition of U.S. agricultural export products

  • From bulk to processed foods


Slide6 l.jpg

Bulk commodity exports dominated agricultural exports

until recent years when value added sales began to increase.




U s ag exports to ftaa and to canada mexico and brazil value consumer oriented products l.jpg
U.S. Ag. Exports to FTAA and to Canada, Mexico, and Brazil (Value)--- Consumer-Oriented Products


U s agricultural exports to ftaa and to canada mexico and brazil consumer oriented products l.jpg
--- U.S. Agricultural Exports to FTAA and to Canada, Mexico and Brazil ( CONSUMER-ORIENTED PRODUCTS )


U s ag imports from ftaa and from canada mexico and brazil value consumer oriented products l.jpg
U.S. Ag. Imports from FTAA and from Canada, Mexico, and Brazil (Value)----- Consumer-Oriented Products


U s ag imports from ftaa value consumer oriented products l.jpg
U.S. Ag. Imports from FTAA (Value) Brazil (Value) --- Consumer-Oriented Products


U s ag trade with ftaa and with canada mexico and brazil value consumer oriented products l.jpg
U.S. Ag. Trade with FTAA and with Canada, Mexico, and Brazil (Value)--- Consumer-Oriented Products


Recent trends in trade fdi14 l.jpg
Recent Trends in Trade & FDI Brazil (Value)

  • Changes in foreign market assess—exports vs. FDI


Slide15 l.jpg

Figure 4. U.S. Foreign Affiliate Sales (FDI Sales) and Exports of Processed Food Products


Recent trends in trade fdi16 l.jpg
Recent Trends in Trade & FDI Exports of Processed Food Products

  • Evolving importance of the export market for U.S. agriculture

  • Processed foods

  • FDI


Research objectives l.jpg
Research Objectives Exports of Processed Food Products

To identify

  • Export & FDI determinants for FTAA countries

  • Relationship between exports & FDI– substitutes or complements?


Slide18 l.jpg
Data Exports of Processed Food Products

Processed foods, SIC-20

  • 3 FTAA countries—Canada, Mexico, and Brazil

  • Annual Data

  • Sources—Commerce, ERS, IMF, BEA,


Ftaa empirical results l.jpg
FTAA Empirical Results Exports of Processed Food Products

FDI was influenced by

  • Exchange rates (+)

  • GDP (+)

  • Exports (+)

  • Interest rates

  • Compensation


Ftaa empirical results20 l.jpg
FTAA Empirical Results Exports of Processed Food Products

Exports were influenced by

  • Export prices (-)

  • Exchange rates (-)

  • GDP

  • FDI (+)


Ftaa conclusions l.jpg
FTAA Conclusions Exports of Processed Food Products

  • Importance of exports, processed foods, & FDI for the U.S. & FTAA

  • Empirical Results support a complementary relationship between exports & FDI in FTAA—Canada, Mexico & Brazil

  • Consistent with results of Malanoski, Handy & Henderson; Somwaru & Bolling


ad