Import Demand Systems for Genetic Products

• Author / Creator

  Zhang, Zhiyu

• Genetic products have been traded internationally since the 1970s. Over 190 countries have
  participated in trading genetic products including bovine semen, live bovine animals for breeding
  purposes, and live swine animal for breeding purposes. The goal of his research is to study the
  international market for genetic products and answer three research questions: 1. If importers’ farm
  cash income or the number of animals in stock changes, do importers increase or decrease their
  expenditures on genetic products from specific exporters? 2. If genetic product prices change, how
  will importers change their expenditures on genetic products from different exporters? 3. If
  importers’ total genetic product expenditures change due to trade policies such as subsidies and
  quotas, how will importers change their expenditures on genetic products from different exporters?
  In this research, I conducted an econometric analysis of the import demand for genetic products.
  Overall, 15 two-stage demand systems are estimated for 15 major bovine semen importing
  countries and regions. The estimation results, the elasticities, and model simulation results of three
  major Canadian bovine semen importers (Australia, Japan, and the Netherlands) are used to answer
  the three research questions of this research.
  The result shows that the effects of Farm Cash Income and Animal Number increase on
  importers’ total bovine semen expenditure vary across importers. Overall, the elasticities and
  simulations suggest that three importers would change Canadian bovine semen import value if
  their total bovine semen expenditures change due to Farm Cash Income and Animal Number
  changes. An increase in Canadian bovine semen export price would cause less import demand for
  Canadian bovine semen. Importers are more likely to increase their Canadian bovine semen import
  values if their governments provide subsidy to bovine semen import and increase their total genetic
  product expenditures.

• Subjects / Keywords

  • Genetic Products
  • Import Demand

• Graduation date

  Spring 2020

• Type of Item

  Thesis

• Degree

  Master of Science

• DOI

  https://doi.org/10.7939/r3-k05g-8f84

• License

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