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Journal of Agricultural and Applied Economics >
Volume 34, Number 03, December 2002 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/15070
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| Title: | THE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH |
| Authors: | Washington, Andrew A.
Kilmer, Richard L. |
| Keywords: | dairy
demand
imports
international
production
Rotterdam
trade |
| JEL Codes: | D12
D24
F10
F14
Q17 |
| Issue Date: | 2002-12 |
| Abstract: | Results indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between the differential production approach and the Rotterdam model. In comparing the consumer demand price/corss-price elasticities to the derived-demand price/cross-price elasticities, it is clear that use of the Rotterdam model when a production approach should be used can lead to overestimation, underestimation, and incorrect signs in deriving unconditional price effects. |
| URI: | http://purl.umn.edu/15070 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 34, Number 03, December 2002 |
| Total Pages: | 3 |
| Language: | English |
| From Page: | 431 |
| To Page: | 433 |
| Collections: | Volume 34, Number 03, December 2002
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| 34030431.pdf | 868Kb | PDF | View/Open |
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