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CARIBBEAN DEMAND OF U.S. AND REST-OF-THE-WORLD STARCHY FOOD (WHEAT, RICE, CORN, AND FRESH POTATOES): A RESTRICTED SOURCE DIFFERENTIATED ALMOST IDEAL DEMAND SYSTEM AgEcon
Dameus, Alix; Tilley, Daniel S.; Brorsen, B. Wade.
This study provides elasticity estimates of the Caribbean demand for U. S. and Rest-of-the-World starchy foods (unmilled wheat and flour, rice, corn and fresh potatoes) using the Restricted Source Differentiated Almost Ideal Demand System (RSDAIDS) model. Caribbean per capita import demand curves for U.S. and Rest-of-the-World (ROW) are own-price unitary elastic for U. S. wheat, and own-price inelastic for U.S. rice and ROW wheat and rice. The implication is that reductions by any means in U. S. or ROW export prices of wheat and rice will increase U.S. or ROW exported quantities in the Caribbean, while at the same time securing food security through import quantity in the Caribbean. Wheat is not produced in the Caribbean. U. S. wheat price policy oriented...
Tipo: Working or Discussion Paper Palavras-chave: Caribbean demand; Elasticity estimates; Food security; Price policies; Restricted Source Differentiated Almost Ideal Demand System (RSDAIDS); Starchy food; Food Consumption/Nutrition/Food Safety.
Ano: 2000 URL: http://purl.umn.edu/25232
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