U.S. Imports Demand for Cocoa Products by Country of Origin

In this paper, we utilize four functional approaches, AIDS, Rotterdam, CBS, and NBR to estimate the U.S. elasticities of import demand for chocolate products and cocoa beans by country of origin. Additionally, we estimate the general model and use likelihood ratio tests to choose which of the four competing models best fits the cocoa products import da-ta. The likelihood ratio test indicates that the general model fails to reject the Rotterdam and CBS for the estimation of cocoa beans. With regards to chocolate products, the general model fails to reject the AIDS.


Issue Date:
2014
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/162464
Total Pages:
23




 Record created 2017-04-01, last modified 2017-08-27

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