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Import Prices and Hard Currency Constraints in Eastern Europe: Implications for Coarse Grain Imports and Production of Meat

Published online by Cambridge University Press:  28 April 2015

Roberto J. Garcia ,
Dragan Miljkovic  and
Miguel I. Gómez
Roberto J. Garcia
Affiliation:
Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign
Dragan Miljkovic
Affiliation:
Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign
Miguel I. Gómez
Affiliation:
Department of Agricultural and Consumer Economics, University of Illinois at Urbana-Champaign
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Abstract

The objectives of this study were (a) to determine the degree to which hard currency earnings constrained overall imports and coarse grain imports in command economies; (b) to measure the importance of import prices on grain imports and to trace the link of grain availability to meat production; and (c) to determine how economic and political reforms in the selected countries may have affected the hard currency constraint, the importance of import prices, and grain imports and meat production. The results indicate that import demand was constrained by earnings of hard currency, but was not responsive to world prices, and meat production was affected by total grain availability, including imports.

Keywords

coarse grain importsEastern Europehard currencyimport pricesmeat productionpolitical reforms
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 30 , Issue 1 , July 1998 , pp. 201 - 215
Copyright
Copyright © Southern Agricultural Economics Association 1998

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