Hostname: page-component-76fb5796d-x4r87 Total loading time: 0 Render date: 2024-04-28T20:08:15.128Z Has data issue: false hasContentIssue false
  • English
  • Français

The Impact of Domestic and Import Prices on U.S. Lamb Imports: A Production System Approach

Published online by Cambridge University Press:  15 September 2016

Andrew Muhammad ,
Keithly G. Jones  and
William F. Hahn
Andrew Muhammad
Affiliation:
Department of Agricultural Economics at Mississippi State University
Keithly G. Jones
Affiliation:
U.S. Department of Agriculture, Economics Research Service, Markets and Trade Division
William F. Hahn
Affiliation:
U.S. Department of Agriculture, Economics Research Service, Markets and Trade Division
Get access

Abstract

As U.S. lamb imports increased relative to domestic production, and the relative share of chilled to frozen lamb imports increased, importers of chilled lamb have become less responsive to domestic and import prices, while the direct opposite is the case for frozen lamb imports. From 1990 to 2003, chilled lamb imports from Australia and New Zealand became less and less responsive to U.S. prices, and frozen imports became more responsive. Unconditional own-price elasticities also show that, over time, imports of chilled lamb became less responsive to import prices while frozen imports became more responsive to import prices.

Keywords

lambdemandimportstradeimport demandproduction
Type
Contributed Papers
Information
Agricultural and Resource Economics Review , Volume 36 , Issue 2 , October 2007 , pp. 293 - 303
Copyright
Copyright © 2007 Northeastern Agricultural and Resource Economics Association 

Access options

Get access to the full version of this content by using one of the access options below. (Log in options will check for institutional or personal access. Content may require purchase if you do not have access.)

References

Berndt, E.R., and Savin, N.E. 1975. “Estimation and Hypothesis Testing in Singular Equation Systems with Autoregressive Disturbances.” Econometrica 43 (5–6): 937–958.Google Scholar
Boal, F. 2001. “Sheepmeat: A Niche Meat Product or Acceptable World Animal Protein Source?” Agribusiness Consulting and Research Services, Rabobank, Wellington, New Zealand. Google Scholar
Davis, G.C., and Jensen, K.L. 1994. “Two-Stage Utility Maximization and Import Demand Systems Revisited: Limitations and an Alternative.” Journal of Agricultural and Resource Economics 19(2): 409–424.Google Scholar
Hall, B.H., and Cummins, C. 1998. TSP Reference Manual (Version 4.4). TSP International, Palo Alto, CA.Google Scholar
Jones, K. 2004. “Trends in the U.S. Sheep Industry.” Report No. AIB 787, Economic Research Service, U.S. Department of Agriculture, Washington, D.C.Google Scholar
Jones, K., Hahn, W.F., and Davis, C.G. 2003. “Demand for U.S. Lamb and Mutton: A Two-Stage Differential Approach.” Paper presented at the 2003 Annual Meeting of the American Agricultural Economics Association, Montreal, Canada.Google Scholar
Kmenta, J. 1986. Elements of Econometrics (2nd edition). New York: Macmillan Publishing Company. Google Scholar
Laitinen, K. 1980. The Theory of the Multiproduct Firm. New York: North Holland Publishing Company.Google Scholar
Laitinen, K., and Theil, H. 1978. “Supply and Demand of the Multiproduct Firm.” European Economic Review 11(2): 107–154.Google Scholar
Meyer, S., and Anderson, D.P. 1998. “United States Imports and Exports of Sheep and Lamb: Current Situations and Trends.” Sheep and Goat Research Journal 14(1): 83–91.Google Scholar
Smith, G.C., Spaeth, C.W., Carpenter, Z.L., King, G.T., and Hoke, K.E. 1968. “The Effects of Freezing, Frozen Storage Conditions and Degree of Doneness on Lamb Palatability Characteristics.” Journal of Food Science 33(1): 19–24.Google Scholar
Theil, H. 1980. The System-Wide Approach to Microeconomics. Chicago, IL: The University of Chicago Press.Google Scholar
U.S. Department of Agriculture. 2006. “Redmeats Yearbook” (ERS94006). Economic Research Service, USDA, Washington, D.C. Available at http://usda.mannlib.cornell.edu/MannUsda/viewDocumentInfo.do?documentID=1354 (accessed January 15, 2006).Google Scholar
U.S. Department of Commerce. 2004. “Foreign Trade Statistics Data Sets.” U.S. Department of Commerce, Washington, D.C. Available at http://:www.fas.usda.gov/tradedata (accessed January 9, 2004).Google Scholar
U.S. Department of Labor. 2004. “Hourly Compensation for the U.S. Wholesale Trade Sector.” Bureau of Labor Statistics, U.S. Department of Labor, Washington, D.C. Available at http://www.bls.gov (accessed January 9, 2004).Google Scholar
U.S. International Trade Commission. 1999. “Lamb: Determination and Views of the Commission.” Publication No. 3176, Investigation No. TA-201-68. U.S. International Trade Commission, Washington D.C.Google Scholar
Washington, A.A., and Kilmer, R.L. 2002a. “The Production Theory Approach to Import Demand Analysis: A Comparison of the Rotterdam Model and the Differential Production Approach.” Journal of Agricultural and Applied Economics 34(3): 431–443.Google Scholar
Washington, A.A., and Kilmer, R.L. 2002b. “The Derived Demand for Imported Cheese in Hong Kong.” International Food and Agribusiness Management Review 5(1): 75–86.Google Scholar
Wheeler, T.L., Miller, R.K., Savell, J.W., and Cross, H.R. 1990. “Palatability of Chilled and Frozen Beef Steaks.” Journal of Food Science 55(2): 301–304.Google Scholar