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A supply and demand estimation of the United States high fructose corn syrup market

Author

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  • Kennedy, P. Lynn
  • Garcia-Fuentes, Pablo A.

Abstract

This paper analyses the market of high fructose corn syrup (HFCS) in the United States. It develops a system of demand and supply equations for both the HFCS and soft drinks markets. The system of equations is estimated through Two Stage Least Squares methods. The results show that soft drinks are the main driver of the growth of demand for HFCS. In addition, negative news on HFCS (the association of HFCS consumption and obesity) has a negative effect on the growth of demand for soft drinks, but soft drinks per capita advertising has a positive effect on the growth of demand for soft drinks and more than offsets the effect of negative news.

Suggested Citation

  • Kennedy, P. Lynn & Garcia-Fuentes, Pablo A., 2016. "A supply and demand estimation of the United States high fructose corn syrup market," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 236100, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea16:236100
    DOI: 10.22004/ag.econ.236100
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    File URL: https://ageconsearch.umn.edu/record/236100/files/A%20supply%20and%20demand%20estimation%20of%20the%20U.S.%20high%20fructose%20corn%20syrup%20market-AAEA2016.pdf
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    References listed on IDEAS

    as
    1. A. R. Barros, 1992. "Sugar Prices And High‐Fructose Corn Syrup Consumption In The United States," Journal of Agricultural Economics, Wiley Blackwell, vol. 43(1), pages 64-73, January.
    2. Hoy F. Carman, 1982. "A Trend Projection of High Fructose Corn Syrup Substitution for Sugar," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 64(4), pages 625-633.
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    Cited by:

    1. Garcia-Fuentes, Pablo & Kennedy, P. Lynn & Ferreira, Gustavo, 2017. "An estimation of a price model of the high fructose corn syrup industry in the Unites States," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252722, Southern Agricultural Economics Association.

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    1. Garcia-Fuentes, Pablo & Kennedy, P. Lynn & Ferreira, Gustavo, 2017. "An estimation of a price model of the high fructose corn syrup industry in the Unites States," 2017 Annual Meeting, February 4-7, 2017, Mobile, Alabama 252722, Southern Agricultural Economics Association.
    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), pages 1-6, October.
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    Keywords

    Demand and Price Analysis; Marketing;

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