International sorghum trade: United States beyond the Mexican dependency?

Abstract

This research proposes the estimation of a partial equilibrium econometric and simulation international trade model for sorghum: United States and Mexico component. Sixteen equations were simultaneously estimated and validated as a system using seemingly unrelated regression. Results on parameter estimates agree with economic theory and a working model for simulation and forecast was obtained. Forecast scenarios suggest that the dependency of sorghum trade between US and Mexico will continue.Supply, Demand, NAFTA, International trade, Sorghum, International Relations/Trade,