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The Import Demand For U.S. Burley Tobacco In European Markets

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  • Reed, Michael R.
  • Schnepf, Randall D.

Abstract

One of the chief complaints against the federal tobacco program is that it sets prices too high relative to foreign tobaccos: most foreign burley tobaccos are priced between one-third and one-half the price of U.S. burley. Critics feel that if the government program were changed so that burley production could increase, prices would be lower, and more burley tobacco would be consumed. Production increases could bring about two beneficial effects. First, U.S. burley tobacco would be more competitive in overseas markets, and, therefore, exports could increase. Second, U.S. imports of foreign burley could decrease. This study examines the validity of the first argument; its main objective is to evaluate the elasticity of demand for U.S. burley tobacco in European markets. Of course, the more price elastic is the demand for U.S. burley in these European markets, the more exports will expand if U.S. prices are lowered. Evidence is also provided on the growth potential of these foreign markets.
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Suggested Citation

  • Reed, Michael R. & Schnepf, Randall D., 1982. "The Import Demand For U.S. Burley Tobacco In European Markets," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 14(1), pages 1-5, July.
    • Handle: RePEc:ags:sojoae:29565
    DOI: 10.22004/ag.econ.29565
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    File URL: https://ageconsearch.umn.edu/record/29565/files/14010141.pdf
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    References listed on IDEAS

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    1. Reed, Michael R., 1980. "An Analysis Of Policy Alternatives For The U.S. Burley Tobacco Market," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 12(2), pages 1-6, December.
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    Cited by:

    1. Steven C. Blank, 1985. "Using causality and supply response models in interpreting foreign agricultural policies," Agribusiness, John Wiley & Sons, Ltd., vol. 1(2), pages 177-183.

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    Keywords

    International Relations/Trade;

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