Relationship between the Unemployment Rate and the Demand for Orange Juice

This study examined the relationship between the unemployment rate and the demand for OJ. Based on the demand estimates obtained, the hypothesis that unemployment is having a significant negative impact on OJ demand cannot be refuted. Over the sample period, the unemployment rate increased by about 4.5 points, resulting in a 7.7% to 12.6% decline in OJ demand, based on the alternative model estimates. The unemployment rate, however, has trended upward in recent years, raising the possible that it may be reflecting to some extent the impact of other trend related factors such as preferences for reduced calories.


Subject(s):
Issue Date:
Aug 31 2010
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/104353
Total Pages:
9
Series Statement:
Research Paper
2010-5




 Record created 2017-04-01, last modified 2017-12-01

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