Exchange rates and foreign demand for US fresh grapefruit

J. Lee and Gary F. Fairchild
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J. Lee: Research Economist with the Florida Department of Citrus and a Professor of Food and Resource Economics, University of Florida, Gainesville, Postal: Research Economist with the Florida Department of Citrus and a Professor of Food and Resource Economics, University of Florida, Gainesville
Gary F. Fairchild: Associate Professor of Food and Resource Economics, University of Florida, Gainesville, Postal: Associate Professor of Food and Resource Economics, University of Florida, Gainesville

Agribusiness, 1988, vol. 4, issue 3, 261-270

Abstract: The seemingly unrelated regression technique was used to study the relationships between exchange rates and foreign demand for US fresh grapefruit. Annual observations for the period from 1972 through 1986 were used in the analysis. Results demonstrate that (1) when studying export demand relationships, exchange rates play an important role and the deletion of exchange rates from the analysis may result in inaccurate parameter estimates; and (2) US fresh grapefruit has more than one export market, with different markets responding differently to price changes.

Date: 1988
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Persistent link: https://EconPapers.repec.org/RePEc:wly:agribz:v:4:y:1988:i:3:p:261-270

DOI: 10.1002/1520-6297(198805)4:3<261::AID-AGR2720040305>3.0.CO;2-T

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