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Estimation of Import Demand for Fishery Products in the U.S. Using the Source-Differentiated AIDS Model

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  • Wang, Xiaojin
  • Reed, Michael
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    Abstract

    Fishery product imports by the U.S. have been gradually increasing in recent years. The leading exporting countries include Canada, Chile, China, Ecuador, Indonesia, Thailand, and Vietnam. A source-differentiated Almost Ideal Demand System (AIDS) model and its Error Correction Model (ECM) version are employed to investigate the static and dynamic U.S. import demand for fishery products from the top seven countries using monthly data from January 1999 to September 2012. Long-run and short-run own-price, cross-price and expenditure elasticities are calculated.

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    Bibliographic Info

    Paper provided by Agricultural and Applied Economics Association in its series 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. with number 150207.

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    Date of creation: 2013
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    Handle: RePEc:ags:aaea13:150207

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    Keywords: fishery products; import demand; Almost Ideal Demand System Model; Error Correction Model; International Relations/Trade; Livestock Production/Industries; Research Methods/ Statistical Methods; Q11; Q17; Q22;

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    1. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
    2. Mark L. Herrmann & Ron C. Mittelhammer & Biing-Hwan Lin, 1993. "Import Demands for Norwegian Farmed Atlantic Salmon and Wild Pacific Salmon in North America, Japan and the EC," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(1), pages 111-125, 03.
    3. Nzaku, Kilungu & Houston, Jack E. & Fonsah, Esendugue Greg, 2012. "A Dynamic Application of the AIDS Model to Import Demand for Tropical Fresh Fruits in the USA," 2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil 126721, International Association of Agricultural Economists.
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    11. Wen S. Chern & Kimiko Ishibashi & Kiyoshi Taniguchi & Yuki Tokoyama, 2002. "Analysis of Food Consumption Behavior by Japanese Households," Working Papers 02-06, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
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    13. Ligeon, Carel & Bayard, Budry & Clark, Joy M. & Jolly, Curtis M., 2007. "U.S. Import Demand for Tilapia from Selected FTAA Countries," Farm and Business - The Journal of The Caribbean Agro-Economic Society, Caribbean Agro-Economic Society, vol. 7(1), June.
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