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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- 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.
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