Export Demand Elasticity Estimation for Major U.S. Crops

Jeffrey Reimer, Xiaojuan Zheng and Mark J. Gehlhar

Journal of Agricultural and Applied Economics, 2012, vol. 44, issue 4, 15

Abstract: Elevated prices for major U.S. commodities have renewed interest in the price sensitivity of foreign demand facing the United States. Although the elasticity of foreign demand plays an important role in discussions of U.S. farm policy, it is also a parameter that is much debated with the majority of studies in this area published over 20 years ago. We provide new estimates of the elasticity of export demand for U.S. corn, soybeans, and wheat using updated data and empirical techniques. Our estimates are useful for practical policy analysis as well as for researchers seeking to parameterize large-scale simulation models.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (16)

Downloads: (external link)
https://ageconsearch.umn.edu/record/137120/files/jaae484.pdf (application/pdf)

Related works:
Journal Article: Export Demand Elasticity Estimation for Major U.S. Crops (2012)
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:joaaec:137120

DOI: 10.22004/ag.econ.137120

Access Statistics for this article

More articles in Journal of Agricultural and Applied Economics from Southern Agricultural Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().