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Export Demand Elasticity Estimation for Major U.S.Crops

Published online by Cambridge University Press:  26 January 2015

Jeffrey J. Reimer ,
Xiaojuan Zheng  and
Mark J. Gehlhar
Jeffrey J. Reimer
Affiliation:
Department of Agricultural and Resource Economics, Oregon State University, Corvallis, Oregon
Xiaojuan Zheng
Affiliation:
Department of Agricultural and Resource Economics, Oregon State University, Corvallis, Oregon
Mark J. Gehlhar
Affiliation:
U.S. Department of the Interior, Washington, DC
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Abstract

Elevated prices for major U.S. commodities have renewed interest in theprice sensitivity of foreign demand facing the United States. Although theelasticity of foreign demand plays an important role in discussions of U.S.farm policy, it is also a parameter that is much debated with the majorityof studies in this area published over 20 years ago. We provide newestimates of the elasticity of export demand for U.S. corn, soybeans, andwheat using updated data and empirical techniques. Our estimates are usefulfor practical policy analysis as well as for researchers seeking toparameterize large-scale simulation models.

Keywords

Agricultural tradedemandexportsF14Q17Q18
Type
Research Article
Information
Journal of Agricultural and Applied Economics , Volume 44 , Issue 4 , November 2012 , pp. 501 - 515
Copyright
Copyright © Southern Agricultural Economics Association 2012

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