On the estimation of supply and demand elasticities of agricultural commodites
This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent t...
| Autor principal: | |
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| Formato: | Artículo preliminar |
| Lenguaje: | Inglés |
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International Food Policy Research Institute
2014
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| Acceso en línea: | https://hdl.handle.net/10568/149931 |
| _version_ | 1855521606828294144 |
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| author | Santeramo, Fabio Gaetano |
| author_browse | Santeramo, Fabio Gaetano |
| author_facet | Santeramo, Fabio Gaetano |
| author_sort | Santeramo, Fabio Gaetano |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent types of elasticities most utilized in the literature. Next, it discusses the identi fication problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model. It summarizes various methodologies employed in the literature to solve this problem and gives practical examples. These solutions include, but are not limited to, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints in order to restrict the domain of estimates. |
| format | Artículo preliminar |
| id | CGSpace149931 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 2014 |
| publishDateRange | 2014 |
| publishDateSort | 2014 |
| publisher | International Food Policy Research Institute |
| publisherStr | International Food Policy Research Institute |
| record_format | dspace |
| spelling | CGSpace1499312025-11-06T05:51:29Z On the estimation of supply and demand elasticities of agricultural commodites Santeramo, Fabio Gaetano elasticity trade econometric models This AGRODEP Technical Note provides a literature review on the topic of estimation of demand and supply elasticities. To this end, it starts the discussion by summarizing the main facets of production theory and consumer theory to introduce the concept of elasticities, with examples of di fferent types of elasticities most utilized in the literature. Next, it discusses the identi fication problem in estimating elasticities, i.e. the issue of having to solve for unique values of the parameters of the structural model from the values of the parameters of the reduced form of the model. It summarizes various methodologies employed in the literature to solve this problem and gives practical examples. These solutions include, but are not limited to, using instrumental variables, adopting a recursive structure, holding demand constant, and imposing inequality constraints in order to restrict the domain of estimates. 2014 2024-08-01T02:50:16Z 2024-08-01T02:50:16Z Working Paper https://hdl.handle.net/10568/149931 en Open Access application/pdf International Food Policy Research Institute Santeramo, Fabio Gaetano. 2014. On the Estimation of Supply and Demand Elasticities of Agricultural Commodites. AGRODEP Technical Note 10. Washington, DC: International Food Policy Research Institute. https://hdl.handle.net/10568/149931 |
| spellingShingle | elasticity trade econometric models Santeramo, Fabio Gaetano On the estimation of supply and demand elasticities of agricultural commodites |
| title | On the estimation of supply and demand elasticities of agricultural commodites |
| title_full | On the estimation of supply and demand elasticities of agricultural commodites |
| title_fullStr | On the estimation of supply and demand elasticities of agricultural commodites |
| title_full_unstemmed | On the estimation of supply and demand elasticities of agricultural commodites |
| title_short | On the estimation of supply and demand elasticities of agricultural commodites |
| title_sort | on the estimation of supply and demand elasticities of agricultural commodites |
| topic | elasticity trade econometric models |
| url | https://hdl.handle.net/10568/149931 |
| work_keys_str_mv | AT santeramofabiogaetano ontheestimationofsupplyanddemandelasticitiesofagriculturalcommodites |