000051255 001__ 51255 000051255 005__ 20210819133159.0 000051255 0247_ $$2doi$$a10.22004/ag.econ.51255 000051255 037__ $$a943-2016-74695 000051255 041__ $$aeng 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 546__ $$aEnglish 000051255 650__ $$aInternational Relations/Trade 000051255 700__ $$aPick, Daniel H. 000051255 700__ $$aPark, Timothy A. 000051255 8564_ $$9bd2c319a-8ad7-4928-8100-b025e2ae3b7b$$s817943$$uhttps://ageconsearch.umn.edu/record/51255/files/89-4.pdf 000051255 887__ $$ahttp://purl.umn.edu/51255 000051255 909CO $$ooai:ageconsearch.umn.edu:51255$$pGLOBAL_SET 000051255 912__ $$nSubmitted by Amber Besch (besch014@umn.edu) on 2009-06-17T14:32:43Z No. of bitstreams: 1 89-4.pdf: 817943 bytes, checksum: bd335f2ee40178d1f5e36d1e6b7981b0 (MD5) 000051255 912__ $$nMade available in DSpace on 2009-06-17T14:32:44Z (GMT). No. of bitstreams: 1 89-4.pdf: 817943 bytes, checksum: bd335f2ee40178d1f5e36d1e6b7981b0 (MD5) Previous issue date: 1989 000051255 913__ $$aLicense granted by Amber Besch (besch014@umn.edu) on 2009-06-17T14:29:56Z (GMT): <center> <h2> Deposit Agreement </h2> </center> I represent that I am the creator of the digital material identified herein (&ldquo;Work&rdquo;). I represent that the work is original and that I either own all rights of copyright or have the right to deposit the copy in a digital archive such as AgEcon Search. I represent that in regard to any non-original material included in the Work I have secured written permission of the copyright owner (s) for this use or believe this use is allowed by law. I further represent that I have included all appropriate credits and attributions. I hereby grant the Regents of the University of Minnesota (&ldquo;University&rdquo;), through AgEcon Search, a non-exclusive right to access, reproduce, and distribute the Work, in whole or in part, for the purposes of security, preservation, and perpetual access. I grant the University a limited, non-exclusive right to make derivative works for the purpose of migrating the Work to other media or formats in order to preserve access to the Work. I do not transfer or intend to transfer any right of copyright or other intellectual property to the University. If the Deposit Agreement is executed by the Author�s Representative, the Representative shall separately execute the following representation: I represent that I am authorized by the Author to execute this Deposit Agreement on behalf of the Author. 000051255 980__ $$a943 000051255 982__ $$gInternational Agricultural Trade Research Consortium>Working Papers