This article describes the structure and dynamic properties of the Food and Agricultural
Policy Simulator (FAPSIM), an annual econometric model of the US agricultural sector …

Price elasticity of export demand is an important parameter that determines the effect of price
changes on export earnings. This report analyzes the price elasticity of export demand in …

This book addresses a number of issues related to the estimation and application of
elasticities in international agricultural trade. It is the outgrowth of renewed interest by …

ABSTRACT US farmers produced about 16 percent of the total world oats production during
1980-85, down from more than 29 percent during 1960-64 when the United States was the …

Public agencies are not price-takers in the world wheat market, rather policies are designed
to redistribute income among various political interest groups. It has also been argued that …

Agricultural economists and policy makers in the United States believe that the magnitude of
the export demand elasticity is one of the most important parameters used in farm policy …

Agricultural trade has become an integral part of world agriculture. During the 1970s, the
real growth in world agricultural trade was phenomenal. For example, the value of US …

One of the most important topics in international trade research is the responsiveness of
trade flows to price changes, that is, price elasticity. This topic has been the subject of much …

Empirical studies of the world wheat market have generally assumed that a neoclassical
competitive model can adequately describe trading behavior (ie Rojko, et al.,(1978); Schmitz …