Source-differentiated analysis of exchange rate effects on US beef imports
Keithly Jones (),
Andrew Muhammad () and
International Journal of Trade and Global Markets, 2013, vol. 6, issue 4, 406-420
The non-linear Inverse Almost Ideal Demand System is used in estimating the impact of exchange rates on source-differentiated import demand for beef in the USA. We estimate scale, own and cross-price flexibilities for six major beef suppliers and the rest of the world, incorporating exchange rates exogenously. Results indicate that beef imports from Canada and ROW were own-price flexible but the remaining countries - Argentina, Brazil, Uruguay, Australia and New Zealand - were own-price inflexible. Though exchange rate pass-through differs among sources, nearly all of the exporting countries had a near complete exchange rate pass-through. All own exchange-rate effects are negative and significant, except beef imported from Uruguay while nearly all cross exchange-rate effects are insignificant.
Keywords: beef imports; import demand; exchange rate fluctuation; inverse AIDS; almost ideal demand system; USA; United States; price flexibility. (search for similar items in EconPapers)
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijtrgm:v:6:y:2013:i:4:p:406-420
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