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THE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH AgEcon
Washington, Andrew A.; Kilmer, Richard L..
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.
Tipo: Journal Article Palavras-chave: Dairy; Demand; Imports; International; Production; Rotterdam; Trade; Demand and Price Analysis; D12; D24; F10; F14; Q17.
Ano: 2002 URL: http://purl.umn.edu/15070
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IMPORT DEMAND FOR DISAGGREGATED FRESH FRUITS IN JAPAN AgEcon
Schmitz, Troy G.; Seale, James L., Jr..
Using annual Japanese fresh fruit import data from 1971 to 1997, this study analyzes the import patterns of Japan's seven most popular fresh fruits by implementing and testing a general differential dmand system that nests four alternative import demand specifications. When tested against the general system using the five-good case (bananas, grapefutis, oranges, and lemons and aggregating pineapples, berries, and grapes), the analysis rejects the Almost Ideal Demand System and National Bureau of Research specifications but does not reject Rotterdam and Central Bureau of Statistics models. When estimated using the six-good case (bananas, grapefuits, oranges, lemons, and pineapples and aggregating berries and grapes), the analysis rejects all...
Tipo: Journal Article Palavras-chave: Almost Ideal Demand System; Consumer demand; Fruit; Import demand; Japan; Rotterdam; Demand and Price Analysis; C3; F1; Q0.
Ano: 2002 URL: http://purl.umn.edu/15081
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A Source-Differentiated Analysis of U.S. Meat Demand AgEcon
Mutondo, Joao E.; Henneberry, Shida Rastegari.
The Rotterdam model is used to estimate U.S. source-differentiated meat demand. Price and expenditure elasticities indicate that U.S. grain-fed beef and U.S. pork have a competitive advantage in the U.S. beef and pork markets, respectively. Expenditure elasticities reveal that beef from Canada has the most to gain from an expansion in U.S. meat expenditures, followed by ROW pork, U.S. grain-fed beef, and U.S. poultry. BSE outbreaks in Canada and the United States are shown to have small impacts on meat demand, while seasonality is found to have a significant effect in determining U.S. meat consumption patterns.
Tipo: Journal Article Palavras-chave: BSE; Rotterdam; Seasonalitiy; Source-differentiation; U.S. meat demand; Demand and Price Analysis; Livestock Production/Industries.
Ano: 2007 URL: http://purl.umn.edu/7082
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