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Price elasticities of key agricultural commodities in China

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  • Zhuang, Renan
  • Abbott, Philip

Abstract

We estimate a simultaneous equations model of Chinese markets for wheat, rice, corn, pork, and poultry. Elasticities for consumption, feed demand, production, stocks demand, and foreign trade fall within the range of results from previous studies, and are reasonable magnitudes. China has market power in the trade for all commodities.
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  • Zhuang, Renan & Abbott, Philip, 2007. "Price elasticities of key agricultural commodities in China," China Economic Review, Elsevier, vol. 18(2), pages 155-169.
    • Handle: RePEc:eee:chieco:v:18:y:2007:i:2:p:155-169
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