IDEAS home Printed from https://ideas.repec.org/a/ags/uersja/136971.html
   My bibliography  Save this article

An Armington Model of U.S. Cotton Exports

Author

Listed:
  • Babula, Ronald A.

Abstract

A muiltiregional Armington model of U S cotton exports is estimated inappropriately with ordinary least squares (OLS) and appropnately wlth seemingly unrelated regression (SUR) Trade elasticity estimates and out-of-sample forecast performance demonstrate the importance of using the correct econometric technique The choice of estimator clearly Influences the model's forecast accuracy out of sample, levels of trade parameter estimates, and degrees of coefficient estimate efficiency Four shortcoimngs of the agricultural trade literature are addressed (1) frequent neglect of trade theory, (2) excessively wide ranges of trade parameter estimates, (3) frequent misuse of OLS, and (4) failure to validate models out of sample

Suggested Citation

  • Babula, Ronald A., 1987. "An Armington Model of U.S. Cotton Exports," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 39(4), pages 1-11.
    • Handle: RePEc:ags:uersja:136971
    DOI: 10.22004/ag.econ.136971
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/136971/files/Babula_39_4.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.136971?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Satyanarayana, Vidyashankara & Wilson, William W. & Johnson, D. Demcey, 1997. "Import Demand For Malt: A Times Series And Econometric Analysis," Agricultural Economics Reports 23343, North Dakota State University, Department of Agribusiness and Applied Economics.
    2. Burfisher, Mary E., 1988. "How the Dollar's Value Affects U.S. Farm Exports to Developing Countries," Foreign Agricultural Economic Report (FAER) 147991, United States Department of Agriculture, Economic Research Service.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uersja:136971. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.