Work

A global approach to estimating import demand elasticities: Insights from major agricultural sectors

Year: 2025

Type: article

Abstract: We present a framework for estimating global import demand across 22 product categories. By aggregating bilateral import data by exporting source, we assessed the worldwide impact of prices on import demand by source. This methodology facilitated the analysis of all exporting countries within a unified estimation framework, simplifying the process compared to estimating separate models for each importing country. Results indicate that estimating global demand within a single framework captures the competitive dynamics among exporters while yielding statistically significant and robust estimates. A global approach is especially useful when analyzing factors with global implications.

Source: Journal of the Agricultural and Applied Economics Association

DOI: 10.1002/jaa2.70001

Authors: Andrew Muhammad, Md Deluair Hossen

Institutions: University of Tennessee System, University of Tennessee at Knoxville

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDG: Zero hunger

Open Access status: hybrid

Estimated APC paid: $2,500