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Identifying the best market prospects for US agricultural exports

Author

Listed:
  • Joseph Salvacruz

    (Center for Agricultural Export Development, University of Kentucky)

  • Michael Reed

    (Center for Agricultural Export Development, University of Kentucky)

Abstract

Market prospects for US agricultural exports through 1994 were predicted using econometric models which estimated US export growth rate as a function of the countries' trade-related and macroeconomic variables. The models used include an approximation of the predictive model proposed by the FAS in 1990 (MFAS) and one which reflects the authors' view that additional variables need consideration (SR). The SR model turned out to be the better-fitting specification and predicted the top markets to be Mexico, Hong Kong, Guyana, Canada, Japan, Turkey, France, Thailand, South Korea, and Costa Rica. © 1993 John Wiley & Sons, Inc.

Suggested Citation

  • Joseph Salvacruz & Michael Reed, 1993. "Identifying the best market prospects for US agricultural exports," Agribusiness, John Wiley & Sons, Ltd., vol. 9(1), pages 29-41.
  • Handle: RePEc:wly:agribz:v:9:y:1993:i:1:p:29-41
    DOI: 10.1002/1520-6297(199301)9:1<29::AID-AGR2720090104>3.0.CO;2-L
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    References listed on IDEAS

    as
    1. Chambers, Robert G. & Just, Richard E., 1982. "An investigation of the effect of monetary factors on agriculture," Journal of Monetary Economics, Elsevier, vol. 9(2), pages 235-247.
    2. Raymond Vernon, 1966. "International Investment and International Trade in the Product Cycle," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 80(2), pages 190-207.
    3. 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.
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    Cited by:

    1. Reed, Michael R. & Salvacruz, Joseph C., 1994. "Market Segmentation: Identifying The High-Growth Export Markets For U.S. Agriculture," Journal of Food Distribution Research, Food Distribution Research Society, vol. 25(1), pages 1-8, February.

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