Graduate Thesis Or Dissertation
 

Price elasticities in commodity trade models and external trade statistics

Public Deposited

Downloadable Content

Download PDF
https://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/6t053k644

Descriptions

Attribute NameValues
Creator
Abstract
  • The purpose of this study is to investigate the role of the source of the external trade statistics in measuring the price responsiveness of foreign demands and relative price competitiveness of the major exporting countries in trade of agricultural commodities in international markets. In particular, the papers included in this study examine the apparent misspecification of commodity models due to the use of trade data based on exporting countries reports, rather than the reports of importing countries. The results indicate that the use of export data instead of import data more likely produces biased price parameter estimates. The research is conducted in three distinct and yet related papers, resulting in the presentation of three separate manuscripts. The first paper presents a critical review of two different commodity trade modeling approaches frequently employed for estimation of price responsiveness of trade flows and market shares in trade literature. The second paper discusses the nature of agricultural commodity trade statistics. It reviews factors causing discrepancies in external trade statistics and compares advantages and disadvantageous associated with the use of export and import data in estimating the trade flow and market share price responsiveness. Import reports are found to provide more reliable foreign demand and market share price responsiveness since they exclude speculative market activities from demand and market share equations for estimation. The third paper examines major factors affecting U.S. competitiveness in the exports of agricultural commodities in general, wheat in particular. Utilizing importers' data, the empirical econometric results suggest that the continuation of U.S. export promotional expenditures in developed countries (DCs) causes U.S. market share to decline relative to the share of its competitors in these markets although such expenditures are found to contribute to U.S. expansion into less developed countries (LDCs) markets. Relative prices, export reliability ratio (ratio of exports to a given destination to total production), production and population in importing countries are found to be the important factors that affect the market shares of major exporting countries in import markets.
Resource Type
Date Available
Date Issued
Degree Level
Degree Name
Degree Field
Degree Grantor
Commencement Year
Advisor
Committee Member
Academic Affiliation
Non-Academic Affiliation
Subject
Rights Statement
Publisher
Peer Reviewed
Language
Digitization Specifications
  • File scanned at 300 ppi (Monochrome) using ScandAll PRO 1.8.1 on a Fi-6670 in PDF format. CVista PdfCompressor 4.0 was used for pdf compression and textual OCR.
Replaces

Relationships

Parents:

This work has no parents.

In Collection:

Items

Thumbnail Title Date Uploaded Visibility Actions
file details EmamiAli1988.pdf 2017-08-19 Public Download