| Registro completo |
| Provedor de dados: |
AgEcon
|
| País: |
United States
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| Título: |
THE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH
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| Autores: |
Washington, Andrew A.
Kilmer, Richard L.
|
| Data: |
2005-06-30
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| Ano: |
2002
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| Palavras-chave: |
Dairy
Demand
Imports
International
Production
Rotterdam
Trade
Demand and Price Analysis
D12
D24
F10
F14
Q17
|
| Resumo: |
Results indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between the differential production approach and the Rotterdam model. In comparing the consumer demand price/corss-price elasticities to the derived-demand price/cross-price elasticities, it is clear that use of the Rotterdam model when a production approach should be used can lead to overestimation, underestimation, and incorrect signs in deriving unconditional price effects.
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| Tipo: |
Journal Article
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| Idioma: |
Inglês
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| Identificador: |
16816
http://purl.umn.edu/15070
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| Editor: |
AgEcon Search
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| Relação: |
Journal of Agricultural and Applied Economics>Volume 34, Number 03, December 2002
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| Formato: |
3
application/pdf
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|
