TESTING FOR AGGREGATION AND SIMULTANEOUS BIAS IN U.S. SOYBEAN EXPORT EQUATIONS

Carlos Arnade and Cecil W. Davison

Southern Journal of Agricultural Economics, 1989, vol. 21, issue 2, 9

Abstract: Most previous estimates of elasticities of export demand for U.S. soybeans have emanated from single import equations subject to aggregation and simultaneous equation bias. This analysis tests U.S. soybean export data for aggregation and simultaneous equation bias and divides the aggregated data into six market equations to reduce these biases. Elasticity estimates from the six equations are compared with elasticity estimates from single equation OLS and 2SLS estimations using the same aggregate data. Results suggest that distortions from unjustified 2SLS estimation may exceed those from aggregation bias.

Keywords: International; Relations/Trade (search for similar items in EconPapers)
Date: 1989
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
https://ageconsearch.umn.edu/record/30112/files/21020129.pdf (application/pdf)

Related works:
Journal Article: Testing for Aggregation and Simultaneous Bias in U.S. Soybean Export Equations (1989)
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:sojoae:30112

DOI: 10.22004/ag.econ.30112

Access Statistics for this article

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