Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply
This paper provides new evidence on income and price elasticities of demand and supply of agricultural exports from developing countries, on the basis of (a) a consistent and fully specified supply and demand model, and (b) statistical estimation procedures not frequently used in the estimation of a...
| Autores principales: | , |
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| Formato: | Journal Article |
| Lenguaje: | Inglés |
| Publicado: |
Wiley
1989
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| Materias: | |
| Acceso en línea: | https://hdl.handle.net/10568/170607 |
| _version_ | 1855529064544075776 |
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| author | Islam, Nurul Subramanian, Arvind |
| author_browse | Islam, Nurul Subramanian, Arvind |
| author_facet | Islam, Nurul Subramanian, Arvind |
| author_sort | Islam, Nurul |
| collection | Repository of Agricultural Research Outputs (CGSpace) |
| description | This paper provides new evidence on income and price elasticities of demand and supply of agricultural exports from developing countries, on the basis of (a) a consistent and fully specified supply and demand model, and (b) statistical estimation procedures not frequently used in the estimation of agricultural export functions. Estimates of price and income elasticities of demand for aggregate agricultural exports for all developing countries taken together — as distinct from individual exporting countries — are found to be low; moreover, export price as distinguished from non‐price factors plays a relatively insignificant role in increasing export supply. Hence, an attempt by all developing countries to expand traditional agricultural exports with low price elasticity of demand may not yield rising earnings for all; but in fact may result in falling export revenues. Insofar as individual exports of all developing countries (not individual countries) are concerned, income and price elasticities of demand for such tropical commodities as tea, coffee, cocoa and bananas are also found to be low, except for new, non‐traditional exports like pineapples. This indicates the importance of diversification of agricultural exports as a vehicle for their future growth. |
| format | Journal Article |
| id | CGSpace170607 |
| institution | CGIAR Consortium |
| language | Inglés |
| publishDate | 1989 |
| publishDateRange | 1989 |
| publishDateSort | 1989 |
| publisher | Wiley |
| publisherStr | Wiley |
| record_format | dspace |
| spelling | CGSpace1706072025-01-29T12:57:08Z Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply Islam, Nurul Subramanian, Arvind agricultural trade economic aspects developing countries exports This paper provides new evidence on income and price elasticities of demand and supply of agricultural exports from developing countries, on the basis of (a) a consistent and fully specified supply and demand model, and (b) statistical estimation procedures not frequently used in the estimation of agricultural export functions. Estimates of price and income elasticities of demand for aggregate agricultural exports for all developing countries taken together — as distinct from individual exporting countries — are found to be low; moreover, export price as distinguished from non‐price factors plays a relatively insignificant role in increasing export supply. Hence, an attempt by all developing countries to expand traditional agricultural exports with low price elasticity of demand may not yield rising earnings for all; but in fact may result in falling export revenues. Insofar as individual exports of all developing countries (not individual countries) are concerned, income and price elasticities of demand for such tropical commodities as tea, coffee, cocoa and bananas are also found to be low, except for new, non‐traditional exports like pineapples. This indicates the importance of diversification of agricultural exports as a vehicle for their future growth. 1989-05 2025-01-29T12:57:08Z 2025-01-29T12:57:08Z Journal Article https://hdl.handle.net/10568/170607 en Limited Access Wiley Islam, Nurul; Subramanian, Arvind. 1989. Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply. Journal of Agricultural Economics 40(2): 221-231. https://doi.org/10.1111/j.1477-9552.1989.tb01101.x |
| spellingShingle | agricultural trade economic aspects developing countries exports Islam, Nurul Subramanian, Arvind Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title | Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title_full | Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title_fullStr | Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title_full_unstemmed | Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title_short | Agricultural exports of developing countries: estimates of income and price elasticities of demand and supply |
| title_sort | agricultural exports of developing countries estimates of income and price elasticities of demand and supply |
| topic | agricultural trade economic aspects developing countries exports |
| url | https://hdl.handle.net/10568/170607 |
| work_keys_str_mv | AT islamnurul agriculturalexportsofdevelopingcountriesestimatesofincomeandpriceelasticitiesofdemandandsupply AT subramanianarvind agriculturalexportsofdevelopingcountriesestimatesofincomeandpriceelasticitiesofdemandandsupply |