THE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH

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dc.creatorWashington, Andrew A.
dc.creatorKilmer, Richard L.
dc.date2017-04-01T17:10:11Z
dc.date.accessioned2026-07-09T03:12:55Z
dc.descriptionResults indicate that, when comparing the unconditional derived-demand elasticities to the unconditional consumer demand elasticities, significant differences emerge due to the differences in the first-stage estimation procedure between the differential production approach and the Rotterdam model. In comparing the consumer demand price/corss-price elasticities to the derived-demand price/cross-price elasticities, it is clear that use of the Rotterdam model when a production approach should be used can lead to overestimation, underestimation, and incorrect signs in deriving unconditional price effects.
dc.identifierdoi:10.22004/ag.econ.15070
dc.identifierhttps://ageconsearch.umn.edu/record/15070/files/34030431.pdf
dc.identifierhttp://ageconsearch.umn.edu/record/15070
dc.identifier.urihttp://hdl.handle.net/123456789/528605
dc.languageeng
dc.publisher
dc.sourcehttp://ageconsearch.umn.edu/record/15070
dc.titleTHE PRODUCTION THEORY APPROACH TO IMPORT DEMAND ANALYSIS: A COMPARISON OF THE ROTTERDAM MODEL AND THE DIFFERENTIAL PRODUCTION APPROACH
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