ANALYSIS OF THE DEMAND AND SUPPLY FUNCTION OF WHEAT IN SAUDI ARABIA PROJECTION OF SUPPLY AND CONSUMPTION THROUGH 1985

Al-Hamoudi Khalid

No 11158, Graduate Research Master's Degree Plan B Papers from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: With the recent rapid increase in urbanization, wealth, and foreign technicians and labor in Saudi Arabia, wheat is becoming an important diet staple. A sufficient wheat supply and stabilization of its price are vital to the society. Yet because of industrial development and economic growth, the total area used for wheat production in Saudi Arabia dropped from 125,000 hectares in 1972 to 45,000 hectares in 1973. Consequently, the Kingdom has become increasingly dependent on imported wheat. The objectives of this study are to: 1) select appropriate variables to establish an estimated supply equation; 2) select appropriate variables to establish an estimated demand equation and 3) apply these two estimated equations to make demand and supply projections.

Keywords: Crop Production/Industries; Demand and Price Analysis (search for similar items in EconPapers)
Pages: 43
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midagr:11158

DOI: 10.22004/ag.econ.11158

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