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000051255 005__ 20180122211109.0
000051255 037__ $$a943-2016-74695
000051255 041__ $$aen
000051255 245__ $$aEXPORT SUPPLY AND IMPORT DEMAND ELASTICITIES IN THE JAPANESE TEXTILE INDUSTRY: A PRODUCTION THEORY APPROACH
000051255 260__ $$c1989
000051255 269__ $$a1989
000051255 300__ $$a30
000051255 336__ $$aWorking or Discussion Paper
000051255 490__ $$aWorking Paper
000051255 490__ $$a89-4
000051255 520__ $$aAgricultural goods are often treated as final goods in applied agricultural trade models. However, many agricultural traded goods are intermediate in nature. In this paper a production theory approach is applied in deriving export supply and import demand functions for the Japanese textile industry. The production theory approach derives import demand and export supply functions from the assumption of profit maximizing (cost minimizing) behavior. The
behavioral implications of the profit maximization framework are used to specify producer supply and demand functions which are consistent with economic theory. Flexible functional forms are estimated in the econometric model and the concavity restrictions implied by economic theory are checked and imposed. Elasticities derived from the production theory approach are
also compared with results based on a single equation specification of the aggregate import demand equation. A major shortcoming of the single equation approach is the lack of theoretical guidance for choosing the appropriate specification.
000051255 542__ $$fLicense granted by Amber Besch (besch014@umn.edu) on 2009-06-17T14:29:56Z (GMT):
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000051255 650__ $$aInternational Relations/Trade
000051255 700__ $$aPick, Daniel H.
000051255 700__ $$aPark, Timothy A.
000051255 8564_ $$s817943$$uhttps://ageconsearch.umn.edu/record/51255/files/89-4.pdf
000051255 887__ $$ahttp://purl.umn.edu/51255
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000051255 912__ $$nSubmitted by Amber Besch (besch014@umn.edu) on 2009-06-17T14:32:43Z
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Previous issue date: 1989
000051255 982__ $$gInternational Agricultural Trade Research Consortium>Working Papers
000051255 980__ $$a943
