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Short Run and Long Run dynamics in the Demand of U.S Tree Nuts

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  • Awondo, Sebastain Nde
  • Fonsah, Esendugue Greg

Abstract

There has been significant shifts in both international and domestic demand for U.S tree nuts over the past decade with potentially mixed effects for U.S producers and consumers. This paper investigates short run and long run dynamics in the domestic demand for six brands of tree nuts (pecan, almonds, walnuts, macadamias, pistachios and hazelnuts) using annual time series data for utilization and value. A static and a dynamic Almost Ideal Demand system (AIDS) was estimated with Seemingly Unrelated Regression. We analyzed consumers responsiveness to price and expenditure using parameters derived from the model

Suggested Citation

  • Awondo, Sebastain Nde & Fonsah, Esendugue Greg, 2014. "Short Run and Long Run dynamics in the Demand of U.S Tree Nuts," 2014 Annual Meeting, February 1-4, 2014, Dallas, Texas 162465, Southern Agricultural Economics Association.
    • Handle: RePEc:ags:saea14:162465
    DOI: 10.22004/ag.econ.162465
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    References listed on IDEAS

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    1. Dermot J. Hayes & Thomas I. Wahl & Gary W. Williams, 1990. "Testing Restrictions on a Model of Japanese Meat Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 72(3), pages 556-566.
    2. 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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