Estimation of Export Demand for U.S Meat Products

Osei Yeboah, Cephas Naanwaab and Peter Hilary Amoah Poku

No 196893, 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia from Southern Agricultural Economics Association

Abstract: With the productivity of US agriculture growing faster than domestic food and fiber demand, U.S farmers and agricultural firms rely heavily on export markets, to sustain price revenues. U.S agricultural exports have been larger than imports since 1960, generating a surplus in agricultural trade. The surplus helps counter the persistent deficit in non-agricultural merchandise trade, ERS - USDA (2013). From its modest beginning during the nineteenth century as a niche market, Asia has grown enormously in importance as a trading partner for the United States, (Foreign Trade Statistics, U.S Census Bureau). For example, by mid-2008, China accounted for 11.2% of all U.S trade behind Canada’s 17.9% share but ahead of Mexico’s 10.7%. This paper econometrically analyzes the export demand of U.S. meat products into these countries using the Export demand model. The model is applied to yearly aggregated data of U.S. meat product exports to some Asian countries from1980 to 2013. Export values were regressed on the per capita GDP of the countries in question, Exchange rates of the currencies of these countries to the U.S. dollar and WTO Membership. Results indicated that, per capita GDP and exchange rates positively affect the quantity of export.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Pages: 21
Date: 2015
New Economics Papers: this item is included in nep-agr and nep-int
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/196893/files/Y ... 20SAEA_PAPER%204.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:saea15:196893

DOI: 10.22004/ag.econ.196893

Access Statistics for this paper

More papers in 2015 Annual Meeting, January 31-February 3, 2015, Atlanta, Georgia from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().