A REGIONAL ECONOMETRIC MODEL OF U.S. APPLE SUPPLY AND DEMAND
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An econometric model of U.S. apple supply and demand is estimated using annual data for 1971-1997. Supply is arranged into four geographical regions, the Northwest, the Southwest, the Central, and the East. The structural model consists of five components: supply, allocation between fresh and processed utilization, pricing, demand and net imports. Estimated supply elasticities illustrate regional differences in growers' ability to respond to market changes.