TIME VARYING DEMAND FOR ORANGES IN THE EEC |
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Authors: | Ronald W. Ward |
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Abstract: | 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. |
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