An analysis of U.S. chicken feet exports to China
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We use excess demand and supply models to estimate US chicken feet export to mainland China and Hong Kong. Three models, the GLS, 2SLS and ARDL, are used in the analysis in order to address the issues of serial correlation, endogeneity and order of cointegration and obtain robustness of results to different estimators. We find the estimation results for the excess demand equations were generally more consistent with theoretical expectation than results for excess supply models across estimators. Mainland China’s anti-dumping investigation against US poultry products has been followed by significantly reduced mainland China imports of U.S. chicken feet and increased Hong Kong imports of chicken feet.