Price elasticities of key agricultural commodities in China

被引：25
|
作者：
Zhuang, Renan
Abbott, Philip
机构：
[1] N Dakota State Univ, Ctr Agr Policy & Trade Studies, Fargo, ND 58105 USA
[2] Purdue Univ, Dept Agr Econ, W Lafayette, IN 47907 USA
来源：
CHINA ECONOMIC REVIEW | 2007年 / 18卷 / 02期
关键词：
price elasticities; agricultural commodities; China;
D O I：
10.1016/j.chieco.2006.02.006
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
We estimate a simultaneous equations model of Chinese agricultural markets for wheat, rice, corn, pork, and poultry meat. Elasticities are estimated for consumption, feed demand, production, stocks demand, and foreign demand or supply faced in China. While commodity models are estimated using ITSUR in a single commodity simultaneous equations framework, an AIDS model of food demand is estimated using ITSUR as a system covering all commodities. Results fall within the wide range of results from previous studies, and are quite reasonable magnitudes. China has market power in the trade for all five commodities under study. (c) 2006 Elsevier Inc. All rights reserved.
引用
收藏
页码：155 / 169
页数：15
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