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Predicting The Potential For Agricultural Imports Of The Middle East In 1990

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  • Kirkland, Jack J.
  • O'Rourke, A. Desmond

Abstract

This paper develops the theoretical framework and methodology for predicting the potential for agricultural imports in a group of reasonably homogeneous countries. The cross-section model proposed is economical in data needs and gives a good fit when applied to a group of 17 Middle Eastern countries. A method is presented for treating heteroscedasticity problems in some equations. The model should be particularly useful to exporters contemplating large investments in market expansion in specific countries and needing information on long-term sales potential. A practical application suggests important guidelines for efforts to expand sales of U.S. agricultural products in the Middle East.

Suggested Citation

  • Kirkland, Jack J. & O'Rourke, A. Desmond, 1982. "Predicting The Potential For Agricultural Imports Of The Middle East In 1990," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 7(1), pages 1-12, July.
    • Handle: RePEc:ags:wjagec:32414
    DOI: 10.22004/ag.econ.32414
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    References listed on IDEAS

    as
    1. Johnson, D. Gale, 1977. "Postwar Policies Relating to Trade in Agricultural Products," A Survey of Agricultural Economics Literature, Volume 1: Traditional Fields of Agricultural Economics 1940s to 1970s,, Agricultural and Applied Economics Association.
    2. Mackie, Arthur B., 1965. "Foreign Economic Growth and Market Potentials for U.S. Agricultural Products," Foreign Agricultural Economic Report (FAER) 144080, United States Department of Agriculture, Economic Research Service.
    3. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
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