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

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  • Mohanty, Samarendu
  • Peterson, E. Wesley F.

Abstract

In North America and Europe, wheat is a very important commodity that has been at the heart of trade disputes and policy conflicts. This study uses a dynamic Almost Ideal Demand System (AIDS) to estimate demand elasticities for wheat differentiated by classes, for the United States and the European Union (EU). The results suggest that in the U.S. market imported wheat is more price responsive than domestic wheat. In the EU, however, price responsiveness varies according to the quality of wheat rather than its national origin.
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Suggested Citation

  • Mohanty, Samarendu & Peterson, E. Wesley F., 1999. "Estimation of Demand for Wheat by Classes for the United States and the European Union," Staff General Research Papers Archive 1978, Iowa State University, Department of Economics.
    • Handle: RePEc:isu:genres:1978
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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. Anderson, G J & Blundell, R W, 1982. "Estimation and Hypothesis Testing in Dynamic Singular Equation Systems," Econometrica, Econometric Society, vol. 50(6), pages 1559-1571, November.
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    6. 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.
    7. Chris M. Alaouze & A. S. Watson & N. H. Sturgess, 1978. "Oligopoly Pricing in the World Wheat Market," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 60(2), pages 173-185.
    8. 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.
    9. Hendry, David F. & Pagan, Adrian R. & Sargan, J.Denis, 1984. "Dynamic specification," Handbook of Econometrics, in: Z. Griliches† & M. D. Intriligator (ed.), Handbook of Econometrics, edition 1, volume 2, chapter 18, pages 1023-1100, Elsevier.
    10. 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.
    11. 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.
    12. Wilson, William W., 1994. "Demand For Wheat Classes By Pacific Rim Countries," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(1), pages 1-13, July.
    13. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    14. Samarendu Mohanty & E. Wesley F. Peterson & Nancy Cottrell Kruse, 1995. "Price Asymmetry in the International Wheat Market," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 43(3), pages 355-366, November.
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    2. Njonou, Rabelais Yankam & Frahan, Bruno Henry de & Surry, Yves R., 2002. "Testing Separability for Common Wheat Qualities in French Import Demand Market Using Aids and Rotterdam Demand Models," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24921, European Association of Agricultural Economists.
    3. Zhu, Manhong & Schmitz, Andrew & Schmtiz, Troy G., 2016. "Why Has not Genetically Modified Wheat Been Commercialized: A Game Theoretical Perspective," 2016 Annual Meeting, February 6-9, 2016, San Antonio, Texas 230796, Southern Agricultural Economics Association.
    4. Frahan, Bruno Henry de & Tritten, Christian & Sumner, Daniel A., 2001. "Wheat Differentiation And Response To Policy Reform In The Eu," 2001 Annual meeting, August 5-8, Chicago, IL 20755, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    5. Thomas L. Marsh, 2005. "Economic substitution for US wheat food use by class," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 49(3), pages 283-301, September.
    6. Frahan, Bruno Henry de & Tritten, Christian, 2002. "Differentiated Demand and Supply of Wheat under Alternative European Trade Policies," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24831, European Association of Agricultural Economists.
    7. Miljkovic, Dragan & Ripplinger, David & Shaik, Saleem, 2016. "Impact of biofuel policies on the use of land and energy in U.S. agriculture," Journal of Policy Modeling, Elsevier, vol. 38(6), pages 1089-1098.

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