Abstract
Today most supplying nations of raw materials are more than ever concious of their monopolistic or ologopolistic potential in “setting” prices and/or restricting supply. For this reason alone, the United States as one of the major user of materials, should learn more about the characteristics of her demand for material imports, and in particular about the degree of substitutability of a given material from various regions of supply. It is generally assumed that products of a given classification — which are supplied by various regions — are roughly of the same kind.2) This assumption suggests that the elasticity of substitution between a given material from the regional sources of supply might be very large. However, this assumption of (almost) perfect substitutability should be the subject matter of an investigation.
The computations were performed by the first author at the University Bonn, with funds provided by the Deutsche Forschungsgemeinschaft.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
References
Adler, J. H., E.R. Schlesinger and E. V. Westerborg: The Pattern of United States Import Trade Since 1923. New York 1952.
Armington, P.S.: A Theory of Demand for Products Distinguished by Place of Production. International Monetary Fund, Staff Papers XVI, 1969a, 159–176.
Armington, P. S.: The Geographic Pattern of Trade and the Effects of Price Changes. International Monetary Fund, Staff Papers XVI, 1969b, 179–201.
Barten, A.P.: Maximum Likelihood Estimation of a Complete System of Demand Equations. European Economic Review 1, 1963, 7–73, .
Brown, M., and D. Heien: The S-Branch Utility Tree: A Generalization of the Linear Expenditure System. Econometrica 40, 1972, 737–748, .
Cheng, H.S.: Statistical Estimates of Elasticities and Propensities in International Trade: A Survey of Published Studies. International Monetary Fund, Staff Papers VII, 1959, 107–158.
Gamaletsos, T.: Further Analysis of Cross-Country Comparidon of Consumer Expenditure Patterns. European Economic Review 4, 1973, 1–20, .
Green, H.A.J.: Aggregation in Economic Analysis. Princeton, NJ, 1964.
Hasenkamp, G.: A Demand System Analysis of Disaggregated Consumption Göttingen 1980.
Kakwani, N.C.: On the Bias in Estimates of Import Demand Parameters. International Economic Review 13, 1972, 239–244, .
Kemp, M.C.: Errors of Measurement and Bias in Estimates of Import Demand Parameters. The Economic Record XXXVIII, 1962, 369–372.
Learner, E.E., and R. H. Stern: Quantitative International Economics. Boston 1970.
Malinvaud, E.: Statistical Methods of Econometrics. Amsterdam 1972.
Mason, E.S.: An American View of the Raw Material Problem. Journal of Industrial Economics I, 1952–1953, 1–20.
Phlips, L.: A Dynamic Version of the Linear Expenditure Model. Review of Economics and Statistics 64, 1972, 450–458, .
Pollak, R.A.: Habit Formation and Dynamic Demand Functions. Journal of Political Economy 8, 1970, 745–763.
Pollak, R.A., and T.J. Wales: Estimation of the Linear Expenditure System. Econometrica 37, 1963, 611–627.
Reimer, R.D.: The United States Demand for Imports of Materials. Unpublished Ph.D. dissertation, Michigan State University, East Lansing 1962.
Reimer, R.D.: The United States Demand for Imports of Materials. Review of Economics and Statistics 56, 1964 307–312.
Sato, K.: A Two-Level Constant Elasticity of Substitution Production Function. Review of Economic Studies 34, 1967, 201–218.
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 1983 Springer-Verlag Berlin Heidelberg
About this paper
Cite this paper
Hasenkamp, G., Koo, A.Y.C. (1983). United States Demand for Material Imports: Distinguished by Regions of Supply. In: Eichhorn, W., Henn, R., Neumann, K., Shephard, R.W. (eds) Quantitative Studies on Production and Prices. Physica, Heidelberg. https://doi.org/10.1007/978-3-662-41526-9_16
Download citation
DOI: https://doi.org/10.1007/978-3-662-41526-9_16
Publisher Name: Physica, Heidelberg
Print ISBN: 978-3-7908-0275-7
Online ISBN: 978-3-662-41526-9
eBook Packages: Springer Book Archive