IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this paper

Demand behavior of U.S. high fructose corn syrup (HFCS) and its implication for the U.S. sweetener market: a cointegration analysis

Listed author(s):
  • Lee, Dae-Seob
  • Kennedy, P. Lynn
Registered author(s):

    This paper investigates the relationship between U.S. HFCS demand and refined sugar price. A cointegration analysis is utilized to investigate possible linkages between these markets. The coefficients on the ECM have the expected signs, and they measure adjustments towards long-run equilibrium. The study result also shows that there is cointegration in a relationship including, HFCS price, the refined sugar price, and income. the increase in HFCS demand would affect primarily the quantity of sugar imports negatively. However, this study does not necessarily support such a conclusion due to the exclusion of noneconomic factors such as change in consumer preference and health concern.

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL:
    Download Restriction: no

    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 19564.

    in new window

    Date of creation: 2005
    Handle: RePEc:ags:aaea05:19564
    Contact details of provider: Postal:
    555 East Wells Street, Suite 1100, Milwaukee, Wisconsin 53202

    Phone: (414) 918-3190
    Fax: (414) 276-3349
    Web page:

    More information through EDIRC

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    in new window

    1. Amani Elobeid & John Beghin, 2006. "Multilateral Trade and Agricultural Policy Reforms in Sugar Markets," Journal of Agricultural Economics, Wiley Blackwell, vol. 57(1), pages 23-48, 03.
    2. Lopez, Rigoberto A. & Sepulveda, Jorge L., 1985. "Changes In The U.S. Demand For Sugar And Implications For Import Policies," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 14(2), October.
    3. Lopez, Rigoberto A., 1990. "Economic Surpluses In The U.S. Sugar Market," Northeastern Journal of Agricultural and Resource Economics, Northeastern Agricultural and Resource Economics Association, vol. 19(1), April.
    4. Jonathan C. Brooks & A. Colin Cameron & Colin A. Carter, 1998. "Political Action Committee Contributions and U.S. Congressional Voting on Sugar Legislation," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 80(3), pages 441-454.
    5. Hal Hill & Budy P. Resosudarmo, 2012. "Introduction," Bulletin of Indonesian Economic Studies, Taylor & Francis Journals, vol. 48(2), pages 129-142, August.
    6. Schmitz, Andrew & Seale, James L., Jr. & Schmitz, Troy G., 2003. "Sweetener-Ethanol Complex in Brazil, the United States, and Mexico: Do Corn and Sugar Prices Matter?," Policy Briefs 15666, University of Florida, International Agricultural Trade and Policy Center.
    7. Rendleman, C. Matthew & Hertel, Thomas W., 1993. "Do Corn Farmers Have Too Much Faith In The Sugar Program?," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 18(01), July.
    8. Evans, Edward A. & Ward, Ronald W. & Davis, Carlton George, 2001. "Time Varying Parameters In The Demand For High Fructose Corn Syrup," 2001 Annual meeting, August 5-8, Chicago, IL 20541, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    9. Johansen, Soren, 1988. "Statistical analysis of cointegration vectors," Journal of Economic Dynamics and Control, Elsevier, vol. 12(2-3), pages 231-254.
    10. Koo, Won W. & Taylor, Richard D. & Mattson, Jeremy W., 2003. "Impacts Of The U.S.-Central America Free Trade Agreement On The U.S. Sugar Industry," Special Reports 23069, North Dakota State University, Center for Agricultural Policy and Trade Studies.
    11. Charles Moss & Andrew Schmits, 2002. "Price behaviour in the US sweetener market: a cointegration approach," Applied Economics, Taylor & Francis Journals, vol. 34(10), pages 1273-1281.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:ags:aaea05:19564. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.