Estimating US Soybean Exports: A Simultaneous Supply/Demand Approach
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Abstract
A simultaneous equation model is used to estimate export demand and supply functions for US soybeans. Price, income, exchange rate and other effects on exports to four world regions are estimated. Inclusion of export supply relationships have very significant implications for estimated price‐, income‐, and exchange‐rate elasticities of export demand. Results fail to support the usual empirical assumption of infinite supply price elasticity for soybeans.
Keywords
Citation
Sarwar, G. and Anderson, D.G. (1990), "Estimating US Soybean Exports: A Simultaneous Supply/Demand Approach", Journal of Economic Studies, Vol. 17 No. 1. https://doi.org/10.1108/EUM0000000000142
Publisher
:MCB UP Ltd
Copyright © 1990, MCB UP Limited