The effects of economic growth and policy intervention in Japan, Taiwan, and South Korea upon the import demand for soybeans

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1986
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Woo, Rhung-Jieh
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Economics

The Department of Economic Science was founded in 1898 to teach economic theory as a truth of industrial life, and was very much concerned with applying economics to business and industry, particularly agriculture. Between 1910 and 1967 it showed the growing influence of other social studies, such as sociology, history, and political science. Today it encompasses the majors of Agricultural Business (preparing for agricultural finance and management), Business Economics, and Economics (for advanced studies in business or economics or for careers in financing, management, insurance, etc).

History
The Department of Economic Science was founded in 1898 under the Division of Industrial Science (later College of Liberal Arts and Sciences); it became co-directed by the Division of Agriculture in 1919. In 1910 it became the Department of Economics and Political Science. In 1913 it became the Department of Applied Economics and Social Science; in 1924 it became the Department of Economics, History, and Sociology; in 1931 it became the Department of Economics and Sociology. In 1967 it became the Department of Economics, and in 2007 it became co-directed by the Colleges of Agriculture and Life Sciences, Liberal Arts and Sciences, and Business.

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1898–present

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  • Department of Economic Science (1898–1910)
  • Department of Economics and Political Science (1910-1913)
  • Department of Applied Economics and Social Science (1913–1924)
  • Department of Economics, History and Sociology (1924–1931)
  • Department of Economics and Sociology (1931–1967)

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Abstract

Japan, Taiwan, and South Korea are the most important and dynamic growth markets for U.S. soybeans in East Asia. The general objective of this study is to develop a quantitative description of the soybean markets in these three economies and to evaluate the impacts of economic growth and policy intervention upon their import demand for soybeans;The study provides important information about these soybean markets, including the general economic and agricultural situations, the supply and demand conditions of soybeans and soybean products, and the trade and agricultural policies affecting these soybean markets. In addition, regional models integrating domestic supply and demand for soybeans, soymeal, soyoil, and the livestock sector are developed and estimated through seemingly unrelated regressions (or joint generalized least squares);Based on the established models, the impacts of economic growth and policy changes upon these soybean markets are evaluated by performing dynamic simulation analyses. Furthermore, the future soybean import demand and some key variables are projected. Finally, inferences regarding the findings are drawn.

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Wed Jan 01 00:00:00 UTC 1986