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Global Demand for U.S. Environmental Goods and Services

Published online by Cambridge University Press:  28 April 2015

Brock Avery  and
Fred O. Boadu
Brock Avery
Affiliation:
Hewitt Associates, Woodlands, TX
Fred O. Boadu
Affiliation:
Department of Agricultural Economics, Texas A&M University, College Station, TX
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Abstract

This paper reports import demand elasticities for environmental goods and services (EGS) for the world in aggregate and for six world regions. The paper involves a pooled cross-section and time-series estimation procedure and makes per capita demand for EGS a function of economic, political, and structural factors. The results show that per capita incomes, exchange rates, political and economic freedoms, and debt affect the demand for EGS. The results also show that demand for EGS is tied to the particular environmental problem facing a particular region. Exporters of EGS need to disaggregate world markets to better target products.

Keywords

demand elasticitiesenvironmental goodsinternational tradeF18F14

Information

Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 36 , Issue 1 , April 2004 , pp. 49 - 64
Copyright
Copyright © Southern Agricultural Economics Association 2004

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