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South American Countries Demand For Wheat Imports And U. S. Market Share: Sets Of Disturbance Related Functions

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  • Shalaby, Seif
  • Hassler, James B.

Abstract

Import demand functions for wheat were estimated for seven South American countries in a set of SUR equations. United States shares were estimated by another set. Kravis-Heston-Summers RGDP series adjusted for purchasing power parities were used as income proxies, and border pr1ce deflators were designed to reflect changes in consumer prices and exchange rates. Countries were found to respond to border price, income, and exchange rate changes. Price and income coefficients were tested for equality across countr1es, failure of the test suggested that regional aggregation may be improper. Since exchange rates were highly elastic, recommendations were made to reactivate local currency sales and to increase exports under barter.

Suggested Citation

  • Shalaby, Seif & Hassler, James B., 1985. "South American Countries Demand For Wheat Imports And U. S. Market Share: Sets Of Disturbance Related Functions," Staff Papers 140511, University of Nebraska-Lincoln, Department of Agricultural Economics.
  • Handle: RePEc:ags:nbaesp:140511
    DOI: 10.22004/ag.econ.140511
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    References listed on IDEAS

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    2. Thursby, Jerry G & Thursby, Marie C, 1984. "How Reliable Are Simple, Single Equation Specifications of Import Demand?," The Review of Economics and Statistics, MIT Press, vol. 66(1), pages 120-128, February.
    3. Kravis, Irving B & Heston, Alan W & Summers, Robert, 1978. "Real GDP per Capita for More Than One Hundred Countries," Economic Journal, Royal Economic Society, vol. 88(350), pages 215-242, June.
    4. Houthakker, Hendrik S & Magee, Stephen P, 1969. "Income and Price Elasticities in World Trade," The Review of Economics and Statistics, MIT Press, vol. 51(2), pages 111-125, May.
    5. Schmitz, Andrew & Bawden, D. Lee, 1973. "The World Wheat Economy: An Empirical Analysis," Monographs, University of California, Davis, Giannini Foundation, number 251914, December.
    6. Konandreas, Panos A. & Bushnell, Peter G. & Green, Richard D., 1978. "Estimation Of Export Demand Functions For U.S. Wheat," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 3(1), pages 1-12, July.
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