U.S. Imports Demand for Cocoa Products by Country of Origin

Abena Lucie Kadjo and James Seale ()

No 162464, 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas from Southern Agricultural Economics Association

Abstract: In this paper, we utilize four functional approaches, AIDS, Rotterdam, CBS, and NBR to estimate the U.S. elasticities of import demand for chocolate products and cocoa beans by country of origin. Additionally, we estimate the general model and use likelihood ratio tests to choose which of the four competing models best fits the cocoa products import da-ta. The likelihood ratio test indicates that the general model fails to reject the Rotterdam and CBS for the estimation of cocoa beans. With regards to chocolate products, the general model fails to reject the AIDS.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 23
Date: 2014
New Economics Papers: this item is included in nep-int
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Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:saea14:162464

DOI: 10.22004/ag.econ.162464

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