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U.S. Import Demand and Supply Response for Fresh Tomatoes,Cantaloupes, Onions, Oranges, and Spinach

Published online by Cambridge University Press:  26 January 2015

James L. Seale Jr. ,
Lisha Zhang  and
Mohamad R. Traboulsi
James L. Seale Jr.
Affiliation:
Department of Food and Resource Economics, University of Florida, Gainesville, Florida
Lisha Zhang
Affiliation:
Department of Food and Resource Economics, University of Florida, Gainesville, Florida
Mohamad R. Traboulsi
Affiliation:
Department of Food and Resource Economics, University of Florida, Gainesville, Florida
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Extract

Elasticities of import demand and supply often drive economic models, butfew empirical estimates of these elasticities exist for vegetables andfruits. For those that do exist, most are outdated. Because elasticitieschange over time as income, prices, and market conditions change, outdatedelasticity estimates may not be representative of changes in importquantities demanded or in acreages, yield, and quantities supplied.Moreover, import demand elasticities by country of origin for mostvegetables and fruits are nonexistent. This article presents research thatupdates elasticity estimates for each of the selected product categories andincludes production and trade implications.

Keywords

acreage responsecointegrationerror-correction modelfruitsimport demandRotterdam modelsupply responsevegetablesF14QUQ17
Type
Session Title: Future Domestic and International Competitiveness of the Southern Fruit and Vegetable Industry
Information
Journal of Agricultural and Applied Economics , Volume 45 , Issue 3 , August 2013 , pp. 435 - 452
Copyright
Copyright © Southern Agricultural Economics Association 2013

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