Price Elasticities of Key Agricultural Commodities in China
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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- Huang, Jikun & Rozelle, Scott, 1995.
"Market development and food demand in rural China,"
FCND discussion papers
4, International Food Policy Research Institute (IFPRI).
- repec:ags:inpuer:188868 is not listed on IDEAS
- Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
- Han, Yijun & Hertel, Thomas, 2003. "Will China Become a Net Importer of Meat Products," Purdue Agricultural Economics Report (PAER) 188858, Purdue University, Department of Agricultural Economics.
- Rozelle, Scott & Huang, Jikun & Rosegrant, Mark W., 1996. "Why China Will Not Starve the World," Choices, Agricultural and Applied Economics Association, vol. 11(1).
- 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 351-356, May.
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