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          Volume 20, Number 02, December 1988 >

Please use this identifier to cite or link to this item: http://purl.umn.edu/29256

Title: THE DEMAND AND SUPPLY OF U.S. AGRICULTURAL EXPORTS: THE CASE OF WHEAT, CORN, AND SOYBEANS
Authors: Haniotis, Tassos
Baffes, John
Ames, Glenn C.W.
Issue Date: 1988-12
Abstract: The demand for and supply of U.S. wheat, corn, and soybean exports is specified in a dynamic framework. Obtained results indicate differences in the export behavior of each product. U.S. corn exports are elastic, while U.S. soybean exports exhibit an inelastic response. For wheat, the derived elasticity of export demand had a positive sign. Hypothesis testing validated the dynamic structure of the estimated models in all markets. Stability properties were confirmed in export markets of corn and soybeans, but results were inconclusive for the wheat market. Adjustment coefficients indicate that exports and export prices do no adjust immediately to their equilibrium levels. Multiplier impacts indicate a stable path of convergence for all markets, with minimal impact of exogenous shocks on wheat and corn exports and export prices. Soybean export prices exhibit a significant response to changes in domestic export capacity, but minimal response to other exogenous shocks.
URI: http://purl.umn.edu/29256
Institution/Association: Southern Journal of Agricultural Economics>Volume 20, Number 02, December 1988
Total Pages: 12
Language: English
From Page: 45
To Page: 56
Collections:Volume 20, Number 02, December 1988

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