Xiaoli Etienne

Professor of Applied Economics and Idaho Wheat Commission Bill Flory Endowed Chair in Risk Management, University of Idaho

Publications

* denotes a student coauthor when the majority of the work was completed; # denotes corresponding author when different from the first author. See also Google Scholar, my University of Idaho VERSO profile, and my CV, which additionally lists extension bulletins and other outreach publications.

Peer-Reviewed Journal Articles

  1. K C, S.*, Etienne, X.L.#, and Trujillo-Barrera, A. Vertical price transmission in food markets: New evidence from meta-analysis. Forthcoming. Agribusiness: An International Journal. doi
  2. Thomas, P.*, and Etienne, X.L.# Do tax policies affect the natural gas industry? Evidence based on panel vector autoregressions. Energy Sources, Part B: Economics, Planning, and Policy, 21(1), 2685835. doi
  3. Zhao, M.*, Etienne, X.L., Tejeda, H.#, and Trujillo-Barrera, A. 2026. What dairy processors say about net zero: Insights from industry leaders. Forthcoming. Applied Economics Education and Extension.
  4. Zhao, M.*, Etienne, X.L., Tejeda, H., and Trujillo-Barrera, A.# 2026. Net zero by 2050: Is dairy processing ready? An evaluation of the top dairy companies’ emissions reduction goals. Choices, 41(1), 1–9. doi
  5. Etienne, X.L., Durongkadej, I., and Scarcioffolo, A. 2026. Policy uncertainty and tail risk in energy futures: The role of maturity and storage capacity constraints. Forthcoming. Journal of Financial Research. doi
  6. Couleau, A., Trujillo-Barrera, A.#, and Etienne, X.L. 2026. Dynamic time series momentum: The case of intraday coffee futures prices. Journal of Commodity Markets, 41, 100537. doi
  7. Thomas, P.*, Collins, A., and Etienne, X.L.# 2026. State-level policies and renewable energy generation in the United States. Utilities Policy, 98, 102080. doi
  8. Lai, T.*, Etienne, X.L., Hu, Z.#, and Peng, K. 2026. Price bubbles and contributing factors: Evidence from the Chinese urea fertilizer market. Applied Economics Letters, 33(9), 1449–1453. doi
  9. Khurana, R.*, Elbakidze, L., and Etienne, X.L.# 2025. Institutional integrity and carbon emissions. Forthcoming. Applied Economics. doi
  10. Li, Y.*, Huang, K., Guan, Z.#, and Etienne, X.L. 2025. From surplus to deficit: Decoding the fundamental shift in U.S. agricultural trade. Applied Economic Perspectives and Policy, 47(5), 1774–1790. doi
  11. Nie, F., Etienne, X.L., Li, J.#, and Hu, H.* 2025. Trade liberalization and manufacturing robot adoption: Evidence from Chinese free trade agreements. China Economic Review, 94, 102531. doi
  12. Etienne, X.L., Li, B.#, and Liu, R. 2025. Detangling risk premiums: Common and idiosyncratic components of commodity futures. Journal of Futures Markets, 45(9), 1409–1427. doi
  13. MacLachlan, M.J., Adjemian, M.K., Etienne, X.L., Sweitzer, M., Volpe III, R., and Zeng, W. 2025. Adaptive food price forecasts enhance public information during rapid economic changes. Nature Communications, 16, 6282. doi
  14. Hu, Z., Yan, L., Yuan, J.*, and Etienne, X.L.# 2025. Deconstructing fertilizer price spikes: Evidence from the Chinese urea fertilizer market. Food Policy, 133, 102829. doi
  15. Huang, K.*, Etienne, X.L.#, and Sant’Anna, A.C. 2025. Risk perceptions, risk preferences, and consumer willingness-to-pay for improved food safety. Journal of Agricultural and Applied Economics, 57(3), 514–543. doi
  16. Xu, Y., Wang, L.*, Li, J.#, and Etienne, X.L. 2025. The impact of trading volume on liquidity and price in futures markets: Disentangling the role of informed trading. Agribusiness: An International Journal, 41(2), 342–362. doi
  17. Nading, M.*, Etienne, X.L.#, Trujillo-Barrera, A., Hatzenbuehler, P., and Wilder, B. 2024. Factors influencing wheat marketing decisions: Insights from Idaho focus groups. Western Economics Forum, 22(1), 65–76. doi
  18. Wang, L.*, Etienne, X.L.#, and Li, J. 2024. Food–fuel nexus beyond mean–variance: New evidence from a quantile approach. Journal of Commodity Markets, 36, 100441. doi
  19. Baffes, J., and Etienne, X.L.# 2024. Yield growth patterns of food commodities: Insights and challenges? PLoS ONE, 19(11), e0313088. Also issued as World Bank Policy Research Working Paper 10990. doi
  20. Hand, T.*, Etienne, X.L., Tejeda, H., and Trujillo-Barrera, A.# 2024. U.S. dairy going toward net zero: What do Idaho dairy producers say? Choices, 39(4), 1–8. doi
  21. Thomas, P.*, Collins, A., Etienne, X.L.#, and Mugabe, D. 2024. Impacts of state tax and resource ownership policies on extraction: Evidence from U.S. natural gas production. Energy Economics, 138, 107869. doi
  22. Li, J.*, Zhang, Q., and Etienne, X.L.# 2024. Optimal carbon emission reduction path of the building sector: Evidence from China. Science of the Total Environment, 170553. doi
  23. Etienne, X.L., Farhangdoost, S.*, Hoffman, L.A., and Adam, B. 2023. An alternative method to forecast the season-average farm price of corn in the U.S. Journal of Commodity Markets, 30, 100333. doi
  24. Nie, F., Li, J.#, and Etienne, X.L. 2023. Impact of outward foreign direct investment on Chinese firms’ financialization and servitization. China & World Economy, 31(2), 112–136. doi
  25. Li, J.*, Irwin, S.H., and Etienne, X.L. 2023. Do extreme CIT position levels have market impacts in grain futures markets? Journal of Agricultural and Applied Economics, 54(4), 792–814. doi
  26. Xu, Y., Elbakidze, L., and Etienne, X.L. 2022. Unconventional oil and gas production and agricultural land use in the United States. Journal of Agricultural and Resource Economics, 48(2), 219–236. doi
  27. Zhang, Q., Etienne, X.L., Wang, Z.#, and Ding, R. 2022. Reducing coal overcapacity in China: A new perspective of optimizing local officials’ promotion system. Environmental Science and Pollution Research. doi
  28. Nuñez, H., Trujillo-Barrera, A., and Etienne, X.L. 2022. Declining integration in the U.S. natural gas market. Resources Policy, 78, 102872. doi
  29. Khurana, R.*, Mugabe, D.*, and Etienne, X.L. 2022. Climate change, natural disasters, and institutional integrity. World Development, 157, 105931. doi
  30. Shakya, S.*, Li, B., and Etienne, X.L.# 2022. Shale revolution, rig activities, and oil and gas prices in the United States. Energy Economics, 108, 105877. doi
  31. Huang, K.*, and Etienne, X.L.# 2021. Impact of Marcellus and Utica shale exploitation on Ohio, Pennsylvania, and West Virginia regional economies: A synthetic control analysis. Papers in Regional Science, 100(6), 1449–1479. doi
  32. Huang, K.*, Sant’Anna, A.C., and Etienne, X.L. 2021. How did COVID-19 impact U.S. household food spending? An analysis six months in. PLoS ONE, 16(9), e0256921. doi
  33. Scarcioffolo, A.*, and Etienne, X.L. 2021. Testing directional predictability between energy prices: A quantile-based analysis. Resources Policy, 74, 102258. doi
  34. Zhang, S.*, Collins, A.#, Etienne, X.L., and Ding, R. 2021. The environmental effects of international trade in China: Measuring the mediating effects of technology spillovers of import trade on industrial air pollution. Sustainability, 13, 6895. doi
  35. Scarcioffolo, A.*, and Etienne, X.L. 2021. Regime switching energy market volatility: The role of economic policy uncertainty. International Review of Economics and Finance, 76, 336–356. doi
  36. Huang, K.*, and Etienne, X.L.# 2021. Do natural hazards in the Gulf Coast still matter for the state-level natural gas prices in the United States after the rise of new production states? Energy Economics, 98, 105267. doi
  37. Jiang, W.*, Paudel, S.*, Amarasekara, N.*, Zhang, Y., Etienne, X.L., Jones, L.*, Li, K.*, Hansen, F., Jaczynski, J., and Shen, C.# 2021. Survey of small produce growers’ perception of antibiotic resistance issues at farmers markets. Food Control, 125, 1079–1097. doi
  38. Lawson, J.*, Alam, M.R.#, and Etienne, X.L. 2021. Speculation and food-grain prices. Applied Economics, 53, 2305–2321. doi
  39. Ismailova, Z.*, Etienne, X.L.#, Shakya, S.*, and Mattos, F. 2020. Quantifying the announcement effects in the U.S. lumber futures market. Journal of Forest Economics, 35(4), 375–395. doi
  40. Wang, J., Etienne, X.L.#, and Ma, Y. 2020. Deregulation, technical efficiency, and production risk in rice farming: Evidence from Zhejiang, China. China Agricultural Economic Review, 12(4), 605–622. doi
  41. Aratuo, D.N.*, Etienne, X.L., Fryson, D.M., and Gebremedhin, T. 2019. Revisiting the tourism–economic growth nexus: Evidence from the United States. International Journal of Contemporary Hospitality Management, 31(9), 3779–3798. doi
  42. Maples, W., Brorsen, B.W., and Etienne, X.L. 2019. Hedging effectiveness of fertilizer swaps. Applied Economics, 51(53), 5793–5801. doi
  43. Etienne, X.L., Ferrara, G., and Mugabe, D.* 2019. How efficient is maize production among smallholder farmers in Zimbabwe? A comparison of semiparametric and parametric frontier efficiency analyses. Applied Economics, 51(26), 2855–2871. doi
  44. Scarcioffolo, A.*, and Etienne, X.L.# 2019. How connected are the U.S. regional natural gas markets in the post-deregulation era? Evidence from time-varying connectedness analysis. Journal of Commodity Markets, 15, 1–18. doi
  45. Aratuo, D.N.*, and Etienne, X.L.# 2019. Industry-level analysis of tourism–economic growth in the United States. Tourism Management, 70, 333–340. doi
  46. Etienne, X.L., Irwin, S.H., and Garcia, P. 2018. Speculation and corn prices. Applied Economics, 50(44), 4724–4744. doi
  47. Franken, J., Garcia, P., Irwin, S.H., and Etienne, X.L. 2018. Information transmission between livestock futures and expert price forecasts. Journal of Agribusiness, 36(1), 21–39. doi
  48. Li, J.*, Chavas, J.-P., Etienne, X.L., and Li, L. 2017. Commodity price bubbles and macroeconomics: Evidence from Chinese agricultural markets. Agricultural Economics, 48(6), 755–768. doi
  49. Etienne, X.L., Trujillo-Barrera, A., and Hoffman, L.A. 2017. Volatility spillover and time-varying conditional correlation between DDGS, corn, and soybean meal markets. Agricultural and Resource Economics Review, 46(3), 529–554. doi
  50. Etienne, X.L., and Yu, J.# 2017. Inverse price spread and illiquid trading in South Korea’s emissions trading scheme. Carbon Management, 8(3), 225–235. doi
  51. Etienne, X.L., Mallory, M., and Irwin, S.H. 2017. Estimating the cost of pre-harvest forward contracting corn and soybeans in Illinois before and after 2007. Agribusiness: An International Journal, 33(3), 358–377. doi
  52. Wiggins, S.*, and Etienne, X.L. 2017. Turbulent times: Uncovering the origins of U.S. natural gas price fluctuations since deregulation. Energy Economics, 64, 196–205. doi
  53. Etienne, X.L. 2017. Irrational exuberance in the Chinese iron ore market? Applied Economics Letters, 24(16), 1161–1166. doi
  54. Etienne, X.L., Irwin, S.H., and Garcia, P. 2017. New evidence that index traders did not drive bubbles in grain futures markets. Journal of Agricultural and Resource Economics, 42(1), 45–67. doi
  55. Etienne, X.L., Trujillo-Barrera, A., and Wiggins, S.* 2016. Price and volatility transmissions between natural gas, fertilizer, and corn markets. Agricultural Finance Review, 76(1), 151–171. doi
  56. Baffes, J., and Etienne, X.L. 2016. Analyzing food price trends in the context of Engel’s Law and the Prebisch–Singer hypothesis. Oxford Economic Papers, 68(3), 688–713. doi
  57. Hoffman, L., Etienne, X.L., Irwin, S.H., Colino, E.V., and Toasa, J. 2015. Forecast performance of WASDE price projections for corn. Agricultural Economics, 46(s1), 157–171. doi
  58. Etienne, X.L., Irwin, S.H., and Garcia, P. 2015. $25 Minneapolis wheat was a bubble, right? Agricultural Finance Review, 75(1), 114–132. doi
  59. Etienne, X.L., Irwin, S.H., and Garcia, P. 2015. Price explosiveness, speculation, and grain futures prices. American Journal of Agricultural Economics, 97(1), 65–87. doi
  60. Etienne, X.L., Irwin, S.H., and Garcia, P. 2014. Bubbles in food commodity markets: Four decades of evidence. Journal of International Money and Finance, 42, 129–155. doi
  61. Colino, E.V., Irwin, S.H., Garcia, P., and Etienne, X.L. 2012. Composite and outlook forecast accuracy. Journal of Agricultural and Resource Economics, 37(2), 228–246. doi

Papers Under Review and in Preparation