Estimation of Import Demand for Fishery Products in the U.S. Using the Source-Differentiated AIDS Model

Xiaojin Wang and Michael Reed

No 150207, 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. from Agricultural and Applied Economics Association

Abstract: Fishery product imports by the U.S. have been gradually increasing in recent years. The leading exporting countries include Canada, Chile, China, Ecuador, Indonesia, Thailand, and Vietnam. A source-differentiated Almost Ideal Demand System (AIDS) model and its Error Correction Model (ECM) version are employed to investigate the static and dynamic U.S. import demand for fishery products from the top seven countries using monthly data from January 1999 to September 2012. Long-run and short-run own-price, cross-price and expenditure elasticities are calculated.

Keywords: International Relations/Trade; Livestock Production/Industries; Research Methods/ Statistical Methods (search for similar items in EconPapers)
Pages: 29
Date: 2013
New Economics Papers: this item is included in nep-sea
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea13:150207

DOI: 10.22004/ag.econ.150207

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