| Raisins are one of important products of California. Almost all U.S. raisins are produced near Fresno California’s central valley due to its hot growing season and abundant water supply. U.S. is the leading exporter of raisins in the world. This paper investigates the export demand function of U.S. raisins for the top five importer countries. The relationship of quantity exported with export price, other exporters’ prices, real income, and exchange rate is estimated. The model used is a logarithmic panel data model for the 1992-2008 periods. The model used is in log-log format to determine own- price, cross price, and income elasticities for the commodity. |
