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Export Demand Elasticity Estimation for Major U.S. Crops

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  • Reimer, Jeffrey J.
  • Zheng, Xiaojuan
  • Gehlhar, Mark J.

Abstract

Elevated prices for major U.S. commodities have renewed interest in the price sensitivity of foreign demand facing the United States. Although the elasticity of foreign demand plays an important role in discussions of U.S. farm policy, it is also a parameter that is much debated with the majority of studies in this area published over 20 years ago. We provide new estimates of the elasticity of export demand for U.S. corn, soybeans, and wheat using updated data and empirical techniques. Our estimates are useful for practical policy analysis as well as for researchers seeking to parameterize large-scale simulation models.

Suggested Citation

  • Reimer, Jeffrey J. & Zheng, Xiaojuan & Gehlhar, Mark J., 2012. "Export Demand Elasticity Estimation for Major U.S. Crops," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 44(4), pages 1-15, November.
    • Handle: RePEc:ags:joaaec:137120
    DOI: 10.22004/ag.econ.137120
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    Cited by:

    1. Zhu, Xiaohong, 2016. "New models to estimate costs of US farm programs," ISU General Staff Papers 201601010800006209, Iowa State University, Department of Economics.
    2. Agneta Forslund & Alexandre Gohin & Chantal Le Mouël & Fabrice Levert, 2014. "Biodiesel vs. ethanol, UE vs. US biofuels: So different in terms of LUC impact?," Working Papers SMART 14-04, INRAE UMR SMART.
    3. Amani Elobeid & Miguel Carriquiry & Jerome Dumortier & David Swenson & Dermot J. Hayes, 2021. "China‐U.S. trade dispute and its impact on global agricultural markets, the U.S. economy, and greenhouse gas emissions," Journal of Agricultural Economics, Wiley Blackwell, vol. 72(3), pages 647-672, September.
    4. Alexandre Gohin & Fabrice Levert & Agneta Forslund, 2017. "The EU-Argentinean trade dispute on biodiesel: an economic assesment," Post-Print hal-01532702, HAL.
    5. Soon, Byung Min & Thompson, Wyatt, 2016. "Estimating Import Demand Functions in Major Beef Importing Countries by Bayesian Hierarchical Linear Model," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235735, Agricultural and Applied Economics Association.
    6. Devadoss, Stephen & Gibson, Mark J. & Luckstead, Jeff, 2016. "The Impact of Agricultural Subsidies on the Corn Market with Farm Heterogeneity and Endogenous Entry and Exit," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 41(3), pages 1-20, September.
    7. Carbone, Anna & Henke, Roberto & Pozzolo, Alberto F., 2015. "Italian agri-food exports in the international arena," Bio-based and Applied Economics Journal, Italian Association of Agricultural and Applied Economics (AIEAA), vol. 4(1), pages 1-21, April.
    8. Zhu, Xiaohong, 2016. "New models to estimate costs of US farm programs," ISU General Staff Papers 3547, Iowa State University, Department of Economics.
    9. Reimer, Jeffrey J. & Zheng, Xiaojuan, 2017. "Economic analysis of an aviation bioenergy supply chain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 77(C), pages 945-954.
    10. Salamat Ali, 2020. "Exchange Rate Effects on Agricultural Exports: Transaction‐Level Evidence from Pakistan," American Journal of Agricultural Economics, John Wiley & Sons, vol. 102(3), pages 1020-1044, May.

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    More about this item

    Keywords

    International Relations/Trade;

    JEL classification:

    • F14 - International Economics - - Trade - - - Empirical Studies of Trade
    • Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
    • Q18 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agricultural Policy; Food Policy; Animal Welfare Policy

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