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Demand systems for agricultural products in OECD countries

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  • Erkan Erdil

Abstract

This study concerned with the estimation of demand systems for agricultural products in OECD countries. Three representatives demand systems with their extensions, namely the Rotterdam Model, An Almost Ideal Demand System (AIDS), and CBS model are used. These models are estimated by Seemingly Unrelated Regression (SUR) method. The procedures to estimate demand systems suggest significant empirical regularities for agricultural products in OECD countries. The study also applies a procedure for model selection. This procedure implies the superiority of AIDS and CBS models over the Rotterdam model. The main contribution of this study is to model demand for agricultural products over a wide array of items and across large number of countries.

Suggested Citation

  • Erkan Erdil, 2006. "Demand systems for agricultural products in OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 13(3), pages 163-169.
    • Handle: RePEc:taf:apeclt:v:13:y:2006:i:3:p:163-169
    DOI: 10.1080/13504850500393386
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    2. Lopez, Jose Antonio & Malaga, Jaime E., 2009. "Estimation of a Censored Demand System in Stratified Sampling: An Analysis of Mexican Meat Demand at the Table Cut Level," 2009 Annual Meeting, January 31-February 3, 2009, Atlanta, Georgia 46294, Southern Agricultural Economics Association.
    3. Tomson Ogwang, 2022. "The regression approach to the measurement and decomposition of the multidimensional Watts poverty index," The Journal of Economic Inequality, Springer;Society for the Study of Economic Inequality, vol. 20(4), pages 951-973, December.
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    5. Rodrigo García Arancibia & Mariano Coronel & Jimena Vicentin Masaro, 2021. "Latin American Beer Production and Import Demand for Regional Malt and Malted Barley," Working Papers 85, Red Nacional de Investigadores en Economía (RedNIE).
    6. Lopez, Jose Antonio & Malaga, Jaime E., 2009. "Forecast and Simulation Analysis of Mexican Meat Consumption at the Table Cut Level: Impacts on U.S. Exports," 2009 Annual Meeting, July 26-28, 2009, Milwaukee, Wisconsin 51986, Agricultural and Applied Economics Association.

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