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Estimation of Demand for Wheat by Classes for the United States and the European Union

Author

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  • Mohanty, Samarendu
  • Peterson, E. Wesley F.
  • Smith, Darnell B.

Abstract

This study estimates demand for wheat differentiated by classes using a dynamic AIDS model for the United States and the European Union (EU). The results suggest that imported wheat is more price responsive than domestic wheat in the U.S. market but not in the EU market. The high price responsiveness of Canadian wheat in the U.S. market may suggest that the Canadian policy that reduces prices in the U.S. market or U.S. export subsidies that raise prices of U.S. wheat could be expected to give rise to substantial substitution of Canadian for U.S. wheat.

Suggested Citation

  • Mohanty, Samarendu & Peterson, E. Wesley F. & Smith, Darnell B., 1997. "Estimation of Demand for Wheat by Classes for the United States and the European Union," Hebrew University of Jerusalem Archive 18384, Hebrew University of Jerusalem.
    • Handle: RePEc:ags:hebarc:18384
    DOI: 10.22004/ag.econ.18384
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    References listed on IDEAS

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    1. Harwood, Joy L. & Bailey, Kenneth W., 1990. "The World Wheat Market--Government Intervention and Multilateral Policy Reform," Staff Reports 278264, United States Department of Agriculture, Economic Research Service.
    2. John C. Henning & Larry J. Martin, 1989. "An Economic Evaluation of Expanded Canadian 3-M Wheat Exports," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 37(3), pages 445-465, November.
    3. Blanciforti, Laura Ann & Green, Richard D. & King, Gordon A., 1986. "U.S. Consumer Behavior over the Postwar Period: An Almost Ideal Demand System Analysis," Monographs, University of California, Davis, Giannini Foundation, number 11939.
    4. Alex F. McCalla, 1966. "A Duopoly Model of World Wheat Pricing," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 48(3_Part_I), pages 711-727.
    5. Leuck, Dale J., 1990. "The Effects of the Common Agricultural. Policy on the European Community Wheat- Washing Industry and Grain Trade," Staff Reports 278287, United States Department of Agriculture, Economic Research Service.
    6. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
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    Cited by:

    1. O’Brien, Daniel M. & Olson, Frayne, 2014. "The Competitive Position of the Black Sea Regionin World Wheat Export Markets," 2014 Conference, April 21-22, 2014, St. Louis, Missouri 285811, NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management.

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