ESTIMATION OF EXPORT DEMAND FUNCTIONS FOR U.S. WHEAT

Abstract

Export demand functions for U.S. wheat were estimated for five world regions. Estimates of the effects of income, price, and nonprice variables on U.S. wheat exports were obtained using various econometric procedures. The major finding of the paper indicates that exchange rate changes have had a substantial impact on U.S. wheat exports. This result, conditioned on the aggregative nature of the study, supports the belief expressed by some researchers in recent years.