@article{Grigoryan:266538,
      recid = {266538},
      author = {Grigoryan, Sona and Lopez, Jose},
      title = {An Empirical Analysis of the U.S. Import Demand for Nuts},
      address = {2018-01-15},
      number = {2015-2018-106},
      year = {2018},
      abstract = {The U.S. is one of the world’s major producers and  importers of nuts, with 9% average increase in imports in  the last decade (1996-2016). Given that nuts account for,  on average, 18% of the U.S. total imports of fruits, it is  important to empirically analyze and better understand the  U.S. demand for nuts. This study estimates import  elasticities of demand using an Almost Ideal Demand System  (AIDS) and quarterly data reported by the USCIS for the  period of 1996-2016. The parameter estimates of the AIDS  model were employed to estimate the elasticities of demand  for coconuts, brazil nuts, cashews, almonds, hazelnuts,  walnuts, chestnuts, and pistachios. Other nuts as pecans  and peanuts are included in the category “other”.  Additional adjustments were made to the empirical model in  order to account for seasonality and trend, as well as to  provide necessary remedies for serial correlation and  endogeneity. Our results revealed that all Marshallian  own-price elasticities had the expected negative signs and  in absolute terms were greater than one indicating that the  U.S. demand for these nuts was price-elastic for the period  analyzed. The Hicksian cross-price elasticities indicated  both complementary relationships and substitutability  between the selected nut types. },
      url = {http://ageconsearch.umn.edu/record/266538},
      doi = {https://doi.org/10.22004/ag.econ.266538},
}