The Structure and Properties of the Michigan Quarterly Econometric Model of the U.S. Economy

1974 ◽  
Vol 15 (3) ◽  
pp. 632 ◽  
Author(s):  
Saul H. Hymans ◽  
Harold T. Shapiro
2000 ◽  
Vol 32 (3) ◽  
pp. 479-491
Author(s):  
Hikaru Hanawa Peterson ◽  
Lois Schertz Willett

AbstractA dynamic econometric model of the U.S. kiwifruit industry provides a framework for empirical analysis of small-scale commodities, particularly those used by producers for diversification. Production and marketing processes are explained by annual and monthly components, respectively. Results confirm that plantings were speculative and that economic feasibility critically impacts acreage retention as the industry matures. Prices at alternative outlets and fruit quality in storage affect monthly shipments. Flexibilities of monthly f.o.b. prices imply elastic kiwifruit demand, and imports are found to be substitutes. The industry could increase its average annual gross revenue by marketing the crop earlier in the season.


2021 ◽  
pp. 157-186
Author(s):  
Walter Zidack ◽  
Henry Kinnucan ◽  
Upton Hatch
Keyword(s):  

2003 ◽  
Vol 79 (1) ◽  
pp. 86-105 ◽  
Author(s):  
Frank T. Denton ◽  
Dean C. Mountain ◽  
Byron G. Spencer

1993 ◽  
Vol 22 (2) ◽  
pp. 137-149 ◽  
Author(s):  
Lois Schertz Willett

A dynamic model of the U.S. apple industry, including relationships for bearing acres, production, utilization, and allocation to the fresh, canned, frozen, juice, dried and other markets, is specified. Demands for each of these markets are modeled. Model coefficients are obtained using Zellner's seemingly unrelated regression procedure and data from 1971 through 1990. Elasticities and flexibilities are compared with other studies. Projections indicate that price fluctuations will continue in the industry when acreage is held at 1990 levels. A ten percent increase in fresh exports strengthens all apple prices. However, a ten percent decrease in the price of juice imports mitigates some of this effect.


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