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U.S. Imports Demand for Cocoa Products by Country of Origin

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  • Kadjo, Abena Lucie
  • Seale, James L. Jr.

Abstract

In this paper, we utilize four functional approaches, AIDS, Rotterdam, CBS, and NBR to estimate the U.S. elasticities of import demand for chocolate products and cocoa beans by country of origin. Additionally, we estimate the general model and use likelihood ratio tests to choose which of the four competing models best fits the cocoa products import da-ta. The likelihood ratio test indicates that the general model fails to reject the Rotterdam and CBS for the estimation of cocoa beans. With regards to chocolate products, the general model fails to reject the AIDS.

Suggested Citation

  • Kadjo, Abena Lucie & Seale, James L. Jr., 2014. "U.S. Imports Demand for Cocoa Products by Country of Origin," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162464, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162464
    DOI: 10.22004/ag.econ.162464
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    References listed on IDEAS

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    1. Seale, James L. & Zhang, Lisha & Traboulsi, Mohamad R., 2013. "U.S. Import Demand and Supply Response for Fresh Tomatoes, Cantaloupes, Onions, Oranges, and Spinach," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 45(3), pages 435-452, August.
    2. James L. Seale & Mary A. Marchant & Alberto Basso, 2003. "Imports versus Domestic Production: A Demand System Analysis of the U.S. Red Wine Market," Review of Agricultural Economics, Agricultural and Applied Economics Association, vol. 25(1), pages 187-202.
    3. Husted, Steven L & Kollintzas, Tryphon E, 1984. "Import Demand with Rational Expectations: Estimates for Bauxite, Cocoa, Coffee, and Petroleum," The Review of Economics and Statistics, MIT Press, vol. 66(4), pages 608-618, November.
    4. Barten, Anton P, 1993. "Consumer Allocation Models: Choice of Functional Form," Empirical Economics, Springer, vol. 18(1), pages 129-158.
    5. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
    6. Seale, James L., Jr. & Sparks, Amy L. & Buxton, Boyd M., 1992. "A Rotterdam Application To International Trade In Fresh Apples: A Differential Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 17(1), pages 1-12, July.
    7. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    8. Nzaku, Kilungu & Houston, Jack E. & Fonsah, Esendugue Greg, 2011. "U.S. Demand for Fresh Fruit and Vegetable Imports," Journal of Food Distribution Research, Food Distribution Research Society, vol. 42(1), pages 1-5, March.
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    Cited by:

    1. Long Hai Vo & Thai‐Ha Le, 2022. "COVID‐19 test‐kit trade and trade policy: Implications for developing countries," The World Economy, Wiley Blackwell, vol. 45(10), pages 3246-3268, October.

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