U.S. import demand for green coffee by variety
Total United States imports of green coffees were divided into three principal components: milds, brazils, and robustas. The aim was to clarify the demand relationships among the major coffee varieties traded internationally and the factor influencing coffee prices by variety. A nine-equation model of the U.S. coffee market was constructed, consisting of import-demand, export-supply, and stock-demand functions describing the structural mechanisms underlying the market for each of the three coffee varieties. Estimates of structural parameters were obtained by different estimation methods, but only three-stage least-squares results are reported in this article. Parameter estimates suggest that milds (the premium coffee variety) are normal economic goods, whereas brazils and robustas are inferior goods with respect to the U.S. economy. Income flexibility estimates at the mean were 0.39, -0.89, and - 1.82, respectively, for milds, brazils, and robustas. Estimated price flexibilities at the mean were, for the three coffee varieties in the same order, -0.18, -0.21, and -0.36. These figures suggest that demand for individual coffee varieties is reasonably price-elastic
Main Authors: | 39525 Abaelu, J.N., 89925 Mandersched, L.V. |
---|---|
Format: | biblioteca |
Published: |
May
|
Subjects: | CLASIFICACION DE PRODUCTOS, VARIEDADES, DEMANDA, IMPORTACIONES, CLASIFICACION COMERCIAL DEL CAFE, CLASIFICACION DE CAFE VERDE, |
Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
Similar Items
-
Better coffee in greater quantity
by: 92886 Meinl, J.
Published: (Dic ) -
A importancia da classificaçao na comercializaçao do café
by: 123735 Teixeira, A.A.
Published: (1975) -
Tabla para la clasificación de café pergamino corriente elaborada para las cooperativas de caficultores
by: 93897 Mestre M, A.
Published: (Ene-) -
Café Robusta versus suave
Published: (1967) -
Las calidades y tipos del café
by: 111656 Rochac, A.
Published: (Oct-)