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Exchange rates and foreign demand for US fresh grapefruit
Author(s) -
Lee J.,
Fairchild Gary F.
Publication year - 1988
Publication title -
agribusiness
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.57
H-Index - 43
eISSN - 1520-6297
pISSN - 0742-4477
DOI - 10.1002/1520-6297(198805)4:3<261::aid-agr2720040305>3.0.co;2-t
Subject(s) - economics , exchange rate , foreign exchange , econometrics , grapefruit juice , regression analysis , agricultural economics , monetary economics , statistics , biology , mathematics , pharmacokinetics , pharmacology
The seemingly unrelated regression technique was used to study the relationships between exchange rates and foreign demand for US fresh grapefruit. Annual observations for the period from 1972 through 1986 were used in the analysis. Results demonstrate that (1) when studying export demand relationships, exchange rates play an important role and the deletion of exchange rates from the analysis may result in inaccurate parameter estimates; and (2) US fresh grapefruit has more than one export market, with different markets responding differently to price changes.