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TIME VARYING DEMAND FOR ORANGES IN THE EEC
Author(s) -
Ward Ronald W.
Publication year - 1982
Publication title -
journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.157
H-Index - 61
eISSN - 1477-9552
pISSN - 0021-857X
DOI - 10.1111/j.1477-9552.1982.tb00712.x
Subject(s) - orange (colour) , economics , consumption (sociology) , agricultural economics , horticulture , social science , sociology , biology
Orange consumption is of special interest to the EEC since three new citrus‐producing countries are scheduled to enter into the community. Demand for sweet oranges has changed over time as EEC trade policies change. Time varying parameters procedures are used to evaluate the dynamics of orange demand in the community of nine. The demand estimates are then used to make consumption projections through 1990. The merits of TVP models are contrasted to those of OLS.