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Dynamic generalization of the Rotterdam model

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  • MAHMOUD A. M. BUSHEHRI

Abstract

Demand systems that are normally used in the empirical demand literature are static, in the sense that consumers are assumed to adjust instantly to the new equilibrium following changes in expenditure or prices. In reality this assumption may be incorrect because in many cases consumers' reaction to change in price or expenditure may be gradual, there may be a partial adjustment. In this paper a dynamic Rotterdam model is developed; extending the existing static version.

Suggested Citation

  • Mahmoud A. M. Bushehri, 2003. "Dynamic generalization of the Rotterdam model," Applied Economics Letters, Taylor & Francis Journals, vol. 10(5), pages 303-306, April.
    • Handle: RePEc:taf:apeclt:v:10:y:2003:i:5:p:303-306
    DOI: 10.1080/13504851.2003.10800382
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    Cited by:

    1. Muhammad, Andrew & Ngeleza, Guyslain, 2010. "Emergence of Sri Lanka in European fish trade," IFPRI discussion papers 978, International Food Policy Research Institute (IFPRI).
    2. Muhammad, Andrew & Jones, Keithly G., 2009. "An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(3), pages 1-14, December.
    3. Muhammad, Andrew & Jones, Keithly G., 2021. "The end of the trade war? Effects of tariff exclusions on U.S. forest products in China," Forest Policy and Economics, Elsevier, vol. 122(C).

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