Date of Award

2011

Document Type

Thesis

First Advisor

Jefferson-Moore, Kenrett

Abstract

Because of Argentina's drastic change in its domestic export tax rate, there was a shortage of soybean supply in the global market and global soybean prices were inflated. Simultaneous equations are used to develop supply and demand equations for the global soybean market. The variables used in the simultaneous equations to help explain global quantity supplied and demanded for soybeans are: the price of soybeans (Psoy), the price of corn (Pcorn), export taxes (Tax), the technology (Tech), a dummy variable (novice), and real gross domestic product (Rgdp).

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