The elasticity of export demand for U.S. cotton

The conceptually relevant elasticity for policy analysis is the total export demand elasticity, which takes into account feedback effects of the U.S. price on other countries' prices. In this paper, a total export demand elasticity for U.S. cotton is estimated in an extended Armington framework...

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Bibliographic Details
Published in:American journal of agricultural economics 1990-05, Vol.72 (2), p.468-474
Main Authors: Duffy, P.A. (Alabama Agricultural Experiment Station, Auburn University), Wohlgenant, M.K, Richardson, J.W
Format: Article
Language:English
Subjects:
ALGODON
BALANCE DE PROVISIONES
BILAN D'APPROVISIONNEMENT
COMERCIO EXTERIOR
COMMERCE INTERNATIONAL
COTON
Cotton
Cotton market
Countries
Demand elasticity
Elasticity of demand
ESTADOS UNIDOS DE AMERICA
ETATS-UNIS
Export demand
EXPORTACIONES
EXPORTATION
Exports
FONCTION DE DEMANDE
FORMACION DE PRECIOS
FORMATION DES PRIX
FUNCIONES DE LA DEMANDA
Imports
International trade
Market share
MODELE
MODELOS
Price elasticity
Price elasticity of demand
Price elasticity of supply
total elasticity
U.S.A
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Summary:The conceptually relevant elasticity for policy analysis is the total export demand elasticity, which takes into account feedback effects of the U.S. price on other countries' prices. In this paper, a total export demand elasticity for U.S. cotton is estimated in an extended Armington framework. The results indicate that the export demand facing the United States is probably elastic; however, estimated total demand elasticities are considerably less elastic than the estimated direct demand elasticities, which do not account for feedback effects resulting from finite excess supply elasticities in the rest of the world.
ISSN:0002-9092
1467-8276
DOI:10.2307/1242350