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The Impact of Domestic and Import Prices on U.S. Lamb Imports: A Production System Approach

Published online by Cambridge University Press:  15 September 2016

Andrew Muhammad ,
Keithly G. Jones  and
William F. Hahn
Andrew Muhammad
Affiliation:
Department of Agricultural Economics at Mississippi State University
Keithly G. Jones
Affiliation:
U.S. Department of Agriculture, Economics Research Service, Markets and Trade Division
William F. Hahn
Affiliation:
U.S. Department of Agriculture, Economics Research Service, Markets and Trade Division
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Abstract

As U.S. lamb imports increased relative to domestic production, and the relative share of chilled to frozen lamb imports increased, importers of chilled lamb have become less responsive to domestic and import prices, while the direct opposite is the case for frozen lamb imports. From 1990 to 2003, chilled lamb imports from Australia and New Zealand became less and less responsive to U.S. prices, and frozen imports became more responsive. Unconditional own-price elasticities also show that, over time, imports of chilled lamb became less responsive to import prices while frozen imports became more responsive to import prices.

Keywords

lambdemandimportstradeimport demandproduction
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 36 , Issue 2 , October 2007 , pp. 293 - 303
Copyright
Copyright © 2007 Northeastern Agricultural and Resource Economics Association 

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