Soybean Import Demand in Taiwan: Economic Growth and Policy Impacts
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The Center for Agricultural and Rural Development (CARD) conducts innovative public policy and economic research on agricultural, environmental, and food issues. CARD uniquely combines academic excellence with engagement and anticipatory thinking to inform and benefit society.
CARD researchers develop and apply economic theory, quantitative methods, and interdisciplinary approaches to create relevant knowledge. Communication efforts target state and federal policymakers; the research community; agricultural, food, and environmental groups; individual decision-makers; and international audiences.
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Abstract
A simultaneous equation model of the soybean sector in Taiwan is developed and estimated. The model integrates domestic supply and demand for soybeans, soymeal, and soyoil, in addition to the livestock market. The impacts of economic growth and policy changes upon the soybean market are evaluated through dynamic simulation analyses.