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Estimation Of Export Demand Functions For U.S. Wheat

Author

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  • Konandreas, Panos A.
  • Bushnell, Peter G.
  • Green, Richard D.

Abstract

Export demand functions for U.S. wheat were estimated for five world regions. Estimates of the effects of income, price, and nonprice variables on U.S. wheat exports were obtained using various econometric procedures. The major finding of the paper indicates that exchange rate changes have had a substantial impact on U.S. wheat exports. This result, conditioned on the aggregative nature of the study, supports the belief expressed by some researchers in recent years.

Suggested Citation

  • Konandreas, Panos A. & Bushnell, Peter G. & Green, Richard D., 1978. "Estimation Of Export Demand Functions For U.S. Wheat," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(1), pages 1-12, July.
    • Handle: RePEc:ags:wjagec:32402
    DOI: 10.22004/ag.econ.32402
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    References listed on IDEAS

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    1. Peter Tryfos, 1975. "The Measurement of Price Elasticities in International Trade," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 57(4), pages 689-691.
    2. Alex F. McCalla, 1966. "A Duopoly Model of World Wheat Pricing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(3_Part_I), pages 711-727.
    3. Harold F. Bjarnason & Michael J. McGarry & Andrew Schmitz, 1969. "Converting Price Series of Internationally Traded Commodities to a Common Currency Prior to Estimating National Supply and Demand Equations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 51(1), pages 189-192.
    4. Rojko, Anthony S. & Urban, Francis S. & Naive, James J., 1971. "World Demand Prospects for Grain in 1980: With Emphasis on Trade by the Less Developed Countries," Foreign Agricultural Economic Report (FAER) 145568, United States Department of Agriculture, Economic Research Service.
    5. Rojko, Anthony S. & Urban, Francis S. & Naive, James J., 1971. "World Demand Prospects for Grain in 1980: With Emphasis on Trade by the Less Developed Countries," Foreign Agricultural Economic Report (FAER) 145569, United States Department of Agriculture, Economic Research Service.
    6. Brook, Richard & Wallace, T. D., 1973. "A note on extraneous information in regression," Journal of Econometrics, Elsevier, vol. 1(3), pages 315-316, October.
    7. G. Edward Schuh, 1974. "The Exchange Rate and U. S. Agriculture," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 56(1), pages 1-13.
    8. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
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    Cited by:

    1. Mohanty, Samarendu & Peterson, E. Wesley F., 1999. "Estimation of Demand for Wheat by Classes for the United States and the European Union," Agricultural and Resource Economics Review, Cambridge University Press, vol. 28(2), pages 158-168, October.
    2. Shalaby, Seif & Hassler, James B., 1985. "South American Countries Demand For Wheat Imports And U. S. Market Share: Sets Of Disturbance Related Functions," Staff Papers 140511, University of Nebraska-Lincoln, Department of Agricultural Economics.
    3. Trofimov, Ivan D., 2020. "The J-curve Effect in Agricultural Commodity Trade: An Empirical Study of South East Asian Economies," MPRA Paper 106701, University Library of Munich, Germany.
    4. Abraham Ajibade & Sayed Saghaian, 2022. "U.S. Almond Exports and Retaliatory Trade Tariffs," Sustainability, MDPI, vol. 14(11), pages 1-15, May.
    5. Saghaian, Yasser & Reed, Michael & Saghaian, Sayed, 2014. "Export Demand Estimation for U.S. Corn and Soybeans to Major Destinations," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162546, Southern Agricultural Economics Association.
    6. Liu, Zong-Shin, 1989. "Monetary policy, exchange rate, and effects on US wheat trade and domestic market in an imperfect competition framework," ISU General Staff Papers 1989010108000010216, Iowa State University, Department of Economics.

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