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 researchers, traders, and others in quantifying those factors that affect international trade of agricultural products.
1. Issues Associated with Elasticities in International Agricultural Trade 2. Elasticities in International Trade: Theoretical and Methodological Issues 3. Estimating U.S. Agricultural Export Demand Elasticities: Econometric and Economic Issues 4. The Role of Exchange Rates in Trade Models 5. Macroeconomic Shocks, Foreign Trade, and Structural Adjustment: A General Equilibrium Analysis of the U.S. Economy, 1982–1986 6. Price and Exchange Rate Transmission Revisited: The Latin America Case 7. Market Share Models and the Elasticity of Demand for U.S. Agricultural Exports 8. Export Demand Elasticity in the World Market for Beef 9. Imperfect Price Transmission and Implied Trade Elasticities in a Multi-commodity World 10. Discussion and Concluding Comments