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          Volume 34, Number 03, December 2002 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/15070

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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