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Price Elasticities of Key Agricultural Commodities in China

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  • Zhuang, Renan
  • Abbott, Philip C.
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    Abstract

    We estimate a simultaneous equations model of Chinese markets for wheat, rice, corn, pork, and poultry. Elasticities for consumption, feed demand, production, stocks demand, and foreign trade fall within the range of results from previous studies, and are reasonable magnitudes. China has market power in the trade for all commodities.

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    File URL: http://purl.umn.edu/19267
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    Bibliographic Info

    Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2005 Annual meeting, July 24-27, Providence, RI with number 19267.

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    Date of creation: 2005
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    Handle: RePEc:ags:aaea05:19267

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    Keywords: Marketing;

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    1. Huang, Jikun & Rozelle, Scott, 1995. "Market development and food demand in rural China," FCND discussion papers 4, International Food Policy Research Institute (IFPRI).
    2. Alston, Julian M & Foster, Kenneth A & Green, Richard D, 1994. "Estimating Elasticities with the Linear Approximate Almost Ideal Demand System: Some Monte Carlo Results," The Review of Economics and Statistics, MIT Press, vol. 76(2), pages 351-56, May.
    3. Rozelle, Scott & Huang, Jikun & Rosegrant, Mark W., 1996. "Why China Will Not Starve the World," Choices, Agricultural and Applied Economics Association, Agricultural and Applied Economics Association, vol. 11(1).
    4. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
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