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Relationship between the Unemployment Rate and the Demand for Orange Juice

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  • Brown, Mark G.

Abstract

This study examined the relationship between the unemployment rate and the demand for OJ. Based on the demand estimates obtained, the hypothesis that unemployment is having a significant negative impact on OJ demand cannot be refuted. Over the sample period, the unemployment rate increased by about 4.5 points, resulting in a 7.7% to 12.6% decline in OJ demand, based on the alternative model estimates. The unemployment rate, however, has trended upward in recent years, raising the possible that it may be reflecting to some extent the impact of other trend related factors such as preferences for reduced calories.

Suggested Citation

  • Brown, Mark G., 2010. "Relationship between the Unemployment Rate and the Demand for Orange Juice," Research papers 104353, Florida Department of Citrus.
    • Handle: RePEc:ags:fdcrrp:104353
    DOI: 10.22004/ag.econ.104353
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    References listed on IDEAS

    as
    1. Brown, Mark G., 2008. "Impact of Income on Price and Income Responses in the Differential Demand System," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 40(2), pages 593-608, August.
    2. Brown, Mark G., 2008. "Impact of Income on Price and Income Responses in the Differential Demand System," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 40(2), pages 1-16, August.
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    Keywords

    Agribusiness;

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