English, Article, Journal or magazine article edition: Two-Stage Agricultural Import Demand Models Theory and Applications Carter, Colin; Green, Richard; Pick, Daniel

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Bookmark: http://trove.nla.gov.au/version/148966
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • Two-Stage Agricultural Import Demand Models Theory and Applications
Author
  • Carter, Colin
  • Green, Richard
  • Pick, Daniel
Physical Description
  • preprint
Notes
  • The Armington trade model distinguishes commodities by country of origin and import demand is detenmined in a separable two-step procedure. The Armington framework has been applied to numerous international agricultural markets with the objective of modelling import demand. The purpose of this paper is to test the Armington assumptions of homotheticity and separability with data from the international wheat market. The empirical results overwhelmingly reject these assumptions. This has important implications for international trade modelling.
  • International Relations/​Trade,
  • RePEc:ags:iatrwp:51246
Language
  • English
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