IDEAS home Printed from https://ideas.repec.org/a/cup/jagaec/v44y2012i04p501-515_02.html

Export Demand Elasticity Estimation for Major U.S. Crops

Author

Listed:
  • 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, Cambridge University Press, vol. 44(4), pages 501-515, November.
    • Handle: RePEc:cup:jagaec:v:44:y:2012:i:04:p:501-515_02
    as

    Download full text from publisher

    File URL: https://www.cambridge.org/core/product/identifier/S107407080002407X/type/journal_article
    File Function: link to article abstract page
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    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. Dumortier, Jerome, 2024. "Vehicle electrification and fuel economy policies: Impacts on agricultural land-use in the United States," Land Use Policy, Elsevier, vol. 141(C).
    3. Carter, Colin A. & Steinbach, Sandro, 2024. "Did grain futures prices overreact to the Russia–Ukraine war due to herding?," Journal of Commodity Markets, Elsevier, vol. 35(C).
    4. Zhu, Xiaohong, 2016. "New models to estimate costs of US farm programs," ISU General Staff Papers 3547, Iowa State University, Department of Economics.
    5. 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.
    6. 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.
    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(01), pages 1-21, April.
    8. 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.
    9. Gohin, Alexandre & Levert, Fabrice & Forslund, Agneta, . "The EU Argentinean Trade Dispute on Biodiesel: An Economic Assessment," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 66(01).
    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.
    11. Soon, Byung Min & Thompson, Wyatt, "undated". "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.
    12. 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.
    13. Son, Miyeon & Lusk, Jayson L., 2024. "Economic Impact of Competing Soy Investment Alternatives," 2024 Annual Meeting, July 28-30, New Orleans, LA 343745, Agricultural and Applied Economics Association.
    14. Schreiber, Andrew & Marten, Alex L. & Wolverton, Ann, 2024. "Approximating Terms of Trade Effects in Single Country CGE Models," National Center for Environmental Economics-NCEE Working Papers 348908, United States Environmental Protection Agency (EPA).
    15. repec:ags:aaea22:343745 is not listed on IDEAS

    More about this item

    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

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cup:jagaec:v:44:y:2012:i:04:p:501-515_02. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Kirk Stebbing (email available below). General contact details of provider: https://www.cambridge.org/aae .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.