IDEAS home Printed from https://ideas.repec.org/p/ags/uerstb/157006.html
   My bibliography  Save this paper

Examining Intertemporal Export Elasticities for Wheat, Corn, and Soybeans: A Stochastic Coefficients Approach

Author

Listed:
  • Conway, Roger K.

Abstract

The response of export demand to price changes for selected agricultural products did not become elastic over the 1969-77 period. This report is the first to test empirically the hypothesis that, during the 1970's, competition increased and the United States became a marginal exporter of farm products, generating elastic export demand. The author uses a new econometric procedure to assess export demand elasticities for U.S. wheat, corn, and soybeans.

Suggested Citation

  • Conway, Roger K., 1985. "Examining Intertemporal Export Elasticities for Wheat, Corn, and Soybeans: A Stochastic Coefficients Approach," Technical Bulletins 157006, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerstb:157006
    DOI: 10.22004/ag.econ.157006
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/157006/files/tb1709.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.157006?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Wohlgenant, Michael K., 1983. "Discussion: Assessing Structural Change In The Demand For Food Commodities," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(1), pages 1-3, July.
    2. Robert G. Chambers & Richard E. Just, 1979. "A Critique of Exchange Rate Treatment in Agricultural Trade Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 249-257.
    3. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    4. Bredahl, Maury E., 1976. "Effects Of Currency Adjustments Given Free Trade, Trade Restrictions And Cross Commodity Substitution," Staff Papers 13961, University of Minnesota, Department of Applied Economics.
    5. Helen T. Farr & P. A. V. B. Swamy & Peter A. Tinsley & Peter Von zur Muehlen, 1983. "On logical validity and econometric modelling: the case of money supply," Special Studies Papers 180, Board of Governors of the Federal Reserve System (U.S.).
    6. Swamy, P. A. V. B. & Barth, J. R. & Tinsley, P. A., 1982. "The rational expectations approach to economic modelling," Journal of Economic Dynamics and Control, Elsevier, vol. 4(1), pages 125-147, November.
    7. Tweeten, Luther G., 1967. "The Demand for United States Farm Output," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 7(3), pages 1-28.
    8. Jabara, Cathy L., 1981. "Trade Restrictions in International Grain and Oilseed Markets: A Comparative Country Analysis," Foreign Agricultural Economic Report (FAER) 146909, United States Department of Agriculture, Economic Research Service.
    9. 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.
    10. Havenner, A. & Swamy, P. A. V. B., 1981. "A random coefficient approach to seasonal adjustment of economic time series," Journal of Econometrics, Elsevier, vol. 15(2), pages 177-209, February.
    11. Tinsley, Peter A, et al, 1982. "Policy Robustness: Specification and Simulation of a Monthly Money Market Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 14(4), pages 829-856, November.
    12. Haidacher, Richard C., 1983. "Assessing Structural Change In The Demand For Food Commodities," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 15(1), pages 1-7, July.
    13. Maury E. Bredahl & William H. Meyers & Keith J. Collins, 1979. "The Elasticity of Foreign Demand for U.S. Agricultural Products: The Importance of the Price Transmission Elasticity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(1), pages 58-63.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Teigen, Lloyd D., 1988. "Agricultural Policy, Technology Adoption, and Farm Structure," Staff Reports 278118, United States Department of Agriculture, Economic Research Service.
    2. Gertel, Karl, 1988. "Farmland Prices: An Example Of Economic Forecasts, Uses, And Limitations," Staff Reports 278051, United States Department of Agriculture, Economic Research Service.
    3. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Denbaly, Massoud Said Mark, 1984. "U. S. monetary policy and the exchange rate: effects on the world coarse grain market," ISU General Staff Papers 198401010800008753, Iowa State University, Department of Economics.
    2. Devadoss, S., 1985. "The impacts of monetary policies on US agriculture," ISU General Staff Papers 198501010800008837, Iowa State University, Department of Economics.
    3. Rauseer, Gordon C. & Zilberman, David & Just, Richard E., 1981. "The Distributional Impacts of Agricultural Programs," AAEA Miscellaneous Paper Archive 337331, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Orden, David Robert, 1984. "Capital Flows, the Exchange Rate, and Agricultural Commodity Markets," Faculty and Alumni Dissertations 322833, University of Minnesota, Department of Applied Economics.
    5. Gardiner, Walter H. & Dixit, Praveen M, 1987. "Price Elasticity of Export Demand: Concepts and Estimates," Foreign Agricultural Economic Report (FAER) 305286, United States Department of Agriculture, Economic Research Service.
    6. Liu, Zong-Shin, 1989. "Monetary policy, exchange rate, and effects on US wheat trade and domestic market in an imperfect competition framework," ISU General Staff Papers 1989010108000010216, Iowa State University, Department of Economics.
    7. Conway, Roger K. & Gill, Gurmukh S., 1987. "Is the Phillips Curve Stable? A Time-Varying Parameter Approach," Staff Reports 277925, United States Department of Agriculture, Economic Research Service.
    8. Arnade, Carlos & Shoemaker, Robbin, 1988. "Portraying Traders As Revenue Maximizers," Staff Reports 278144, United States Department of Agriculture, Economic Research Service.
    9. Chase Wilde, Linda & Cornell, Laurence D. & Sorenson, Vernon L. & Black, J. Roy, 1986. "World Grain Trade: An Evaluation of Factors Affecting Net Import Demand for Wheat and Coarse Grains by Selected Countries," Agricultural Economic Report Series 201358, Michigan State University, Department of Agricultural, Food, and Resource Economics.
    10. Mahama, Ramatu, 1985. "A stochastic simulation of the impact of price insulation policies on world wheat market stability," ISU General Staff Papers 198501010800008868, Iowa State University, Department of Economics.
    11. Goodhart, Charles, 1989. "The Conduct of Monetary Policy," Economic Journal, Royal Economic Society, vol. 99(396), pages 293-346, June.
    12. Torok, Steven John, 1982. "International trade in commodities and labor: the case of the importation of Mexican agricultural labor and fresh market winter tomatoes into the US, 1964-1979," ISU General Staff Papers 198201010800008550, Iowa State University, Department of Economics.
    13. Burakov, D., 2016. "Oil Prices, Exchange Rate and Prices for Agricultural Commodities: Empirical Evidence from Russia," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 8(2), pages 1-15, June.
    14. Ronald A. Babula & Fred J. Ruppel & David A. Bessler, 1995. "U.S. corn exports: the role of the exchange rate," Agricultural Economics, International Association of Agricultural Economists, vol. 13(2), pages 75-88, November.
    15. Zhengwei MA & Rui XU & Xiucheng DONG, 2015. "World oil prices and agricultural commodity prices: The evidence from China," Agricultural Economics, Czech Academy of Agricultural Sciences, vol. 61(12), pages 564-576.
    16. Suwen Pan & Samarendu Mohanty & Mark Welch & Don Ethridge & Mohamadou Fadiga, 2007. "Effects Of Chinese Currency Revaluation On World Fiber Markets," Contemporary Economic Policy, Western Economic Association International, vol. 25(2), pages 185-205, April.
    17. Fadeyi, O.A. & Ogundeji, A.A. & Willemse, B.J., 2015. "Establishing the linkages between the South African agricultural trade balance and macroeconomic indicators," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 53(4), March.
    18. O.A. Fadeyi & A.A. Ogundeji & B.J. Willemse, 2014. "Establishing the linkages between the South African agricultural trade balance and macroeconomic indicators," Agrekon, Taylor & Francis Journals, vol. 53(4), pages 92-105, November.
    19. Tucci, Marco P., 1995. "Time-varying parameters: a critical introduction," Structural Change and Economic Dynamics, Elsevier, vol. 6(2), pages 237-260, June.
    20. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 244739, University of Guelph, Department of Food, Agricultural and Resource Economics.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:uerstb:157006. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ersgvus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.