Graduate Thesis Or Dissertation
 

An econometric investigation of demand interrelationships among tree nuts and peanuts

Público Deposited

Conteúdo disponível para baixar

Baixar PDF
https://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/9880vt82f

Descriptions

Attribute NameValues
Creator
Abstract
  • Edible tree nut and peanut industries are important agricultural industries in the United States. Major tree nuts produced domestically are almonds, filberts, pecans,and walnuts. The United States imports and exports some quantities of these tree nuts and peanuts, but at the same time the U.S. imports cashew, brazil, pignolia, and pistachio nuts which are not domestically produced. Tariffs on imported nuts are imposed, and there are marketing orders or other programs which are in operation in the marketing of several of the domestically produced nuts. Demand interrelationships between nuts are of importance for pragmatic policy formulation for tariffs for imported nuts and marketing control of domestically produced nuts. The overall objective of the study was to formulate and test economic hypotheses of related demands for eight tree nuts and peanuts, thereby classifying them into categories of substitutes, complements, and independents in demand. The U.S. consumption data on tree nuts and peanuts for the years 1947-68 were used for analysis purposes. All the nuts were converted on a shelled basis by using appropriate shelling ratios. Adjustments were made for missing inventories. Results of other studies relevant to this study were investigated and were modified. In order to achieve the overall objective, different econometric models employing the single stage least squares (OLS) approach were used for estimation purposes. A double precision and an extended precision; stepwise, time series, correlogram, and autoregressive transformation algorithms were used for analysis purposes. Stability conditions for estimated demand curves using the Chow-test were tested, and the demand curves were found to be stable over the time period of this study. According to the Kamien-condition, interrelated demands were identified. Tests of the severity of multicollinearity were performed. Second-order autoregressive scheme in the time series data employed was detected by the use of correlograms algorithm and a second-order autoregressive transformation was made to arrive at efficient estimates of the parameters. The study revealed that theoretical hypotheses of the ordinal theory of related demands such as the "Hotelling-condition," and the "Slutsky-Friedman condition," were, in general, inconclusive as a method of classifying tree nuts and peanuts as substitutes, complements and independents in demand. However, pecans and walnuts, pecans and brazil nuts, brazil nuts,and cashews were found to be substitutes; whereas almonds and filberts, pecans and pistachios were complements in demand. Except for some nuts with conflicts in signs, all other nuts were found to be statistically nonsignificant, and therefore, may be classified as independents in demand.
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
Declaração de direitos
Publisher
Peer Reviewed
Language
Digitization Specifications
  • File scanned at 300 ppi (Monochrome) using Scamax Scan+ V.1.0.32.10766 on a Scanmax 412CD by InoTec in PDF format. LuraDocument PDF Compressor V.5.8.71.50 used for pdf compression and textual OCR.
Replaces

Relações

Parents:

This work has no parents.

Em Collection:

Itens

Miniatura Título Data de carga Acesso Ações
file details DHALIWALHARDEV1972.pdf 2017-08-15 Público Baixar