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Modeling Import Demand Under Government Intervention And Financial Constraints: The Case Of Corn In Mexico

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  • Kim, C. S.

Abstract

Two problems make estimation of import demand for developing countries extremely difficult. The first is a conceptual problem: how to model government intervention which simultaneously distorts consumer and producer prices and foreign exchange allocations. The second problem is a technical one: how to obtain econometrically consistent estimates of an import demand equation which includes all the major parameters, given only 10 years or less of time series data. Both of these problems are addressed in this paper which presents an attempt to estimate Mexican corn import demand. Results indicate that Mexican corn imports could be substantially reduced by transferring relatively small amounts of subsidies from consumers to producers. Furthermore, effects on Mexican corn import demands of world border prices, exchange rates, and foreign exchange allotments are insignificant.

Suggested Citation

  • Kim, C. S., 1986. "Modeling Import Demand Under Government Intervention And Financial Constraints: The Case Of Corn In Mexico," Staff Reports 277848, United States Department of Agriculture, Economic Research Service.
    • Handle: RePEc:ags:uerssr:277848
    DOI: 10.22004/ag.econ.277848
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    References listed on IDEAS

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    1. Robert G. Chambers & Richard E. Just, 1979. "A Critique of Exchange Rate Treatment in Agricultural Trade Models," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(2), pages 249-257.
    2. Philip C. Abbott, 1979. "Modeling International Grain Trade with Government Controlled Markets," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(1), pages 22-31.
    3. Maury E. Bredahl & William H. Meyers & Keith J. Collins, 1979. "The Elasticity of Foreign Demand for U.S. Agricultural Products: The Importance of the Price Transmission Elasticity," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 61(1), pages 58-63.
    4. Alexander H. Sarris & John Freebairn, 1983. "Endogenous Price Policies and International Wheat Prices," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(2), pages 214-224.
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    Cited by:

    1. Kim, C.S. & Bolling, H. Christine & Wainio, John, 1987. "Import Demand for Feed Grains in Venezuela," Journal of Agricultural Economics Research, United States Department of Agriculture, Economic Research Service, vol. 39(3), pages 1-8.
    2. Taha, Fawzi A., 1988. "The Yemen Arab Republic: An Export Market Profile," Staff Reports 278129, United States Department of Agriculture, Economic Research Service.
    3. Jarvis, Lovell S. & Perali, C. Federico, 1990. "The Poultry Industry As An Endogenous Factor In Mexican Agricultural Policy: A Neoclassical Approach," 1990 Annual meeting, August 5-8, Vancouver, Canada 270978, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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