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A Comparison Of Demands For Meat Products In The Pacific Rim Region

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Author Info

  • Capps, Oral, Jr.
  • Tsai, Reyfong
  • Kirby, Raymond
  • Williams, Gary W.
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    Abstract

    The Rotterdam model is used to obtain estimates of demand parameters for meat products in Taiwan, South Korea, and Japan. Unlike most previous studies of demand systems, the model takes into account simultaneous-equation bias which arises due to the endogeneity of total expenditure. Beef, pork, and chicken are separable from marine products for each Pacific Rim country. However, demand elasticities for beef, pork, and chicken are different among the various Pacific Rim nations. One may not then use the elasticity estimates of a particular country and apply them to other Pacific Rim markets.

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    File URL: http://purl.umn.edu/31223
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    Bibliographic Info

    Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

    Volume (Year): 19 (1994)
    Issue (Month): 01 (July)
    Pages:

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    Handle: RePEc:ags:jlaare:31223

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    Web page: http://waeaonline.org/
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    Related research

    Keywords: Demand and Price Analysis;

    References

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    1. Hayes, Dermot J. & Wahl, Thomas I. & Williams, Gary W., 1990. "Testing Restrictions on a Model of Japanese Meat Demand," Staff General Research Papers 10940, Iowa State University, Department of Economics.
    2. Mountain, Dean C, 1988. "The Rotterdam Model: An Approximation in Variable Space," Econometrica, Econometric Society, vol. 56(2), pages 477-84, March.
    3. Pudney, Stephen E, 1981. "An Empirical Method of Approximating the Separable Structure of Consumer Preferences," Review of Economic Studies, Wiley Blackwell, vol. 48(4), pages 561-77, October.
    4. Wahl, Thomas I. & Hayes, Dermot J. & Williams, Gary W., 1991. "Dynamic Adjustment in the Japanese Livestock Industry Under Beef Import Liberalization," Staff General Research Papers 474, Iowa State University, Department of Economics.
    5. Wahl, Thomas I. & Hayes, Dermot J. & Johnson, Stanley R., 1991. "Impacts of Liberalizing the Japanese Pork Market," Staff General Research Papers 401, Iowa State University, Department of Economics.
    6. LaFrance, Jeffrey T., 1991. "When Is Expenditure "Exogenous" In Separable Demand Models?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
    7. J. A. Hausman, 1975. "Errors in Variables in Simultaneous Equation Models," Working papers 145, Massachusetts Institute of Technology (MIT), Department of Economics.
    8. Dyck, John H. & Sillers, Donald A., 1986. "South Korea: An Export Market Profile," Foreign Agricultural Economic Report (FAER) 147536, United States Department of Agriculture, Economic Research Service.
    9. Attfield, Clifford L. F., 1985. "Homogeneity and endogeneity in systems of demand equations," Journal of Econometrics, Elsevier, vol. 27(2), pages 197-209, February.
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    Citations

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    Cited by:
    1. Heckelei, Thomas & Mittelhammer, Ronald C. & Wahl, Thomas I., 1997. "Bayesian Analysis of a Japanese Meat Demand System: A Robust Likelihood Approach," Discussion Papers 18783, University of Bonn, Institute for Food and Resource Economics.
    2. Miljkovic, Dragan & Marsh, John M. & Brester, Gary W., 2002. "Japanese Import Demand For U.S. Beef And Pork: Effects On U.S. Red Meat Exports And Livestock Prices," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(03), December.
    3. Yeboah, Godfred & Maynard, Leigh J., 2004. "The Impact Of Bse, Fmd, And U.S. Export Promotion Expenditures On Japanese Meat Demand," 2004 Annual meeting, August 1-4, Denver, CO 19978, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Peterson, Everett B. & Cotterill, Ronald W., 1998. "Incorporating Flexible Demand Systems in Empirical Models of Market Power," Research Reports 25159, University of Connecticut, Food Marketing Policy Center.
    5. Wen S. Chern & Kimiko Ishibashi & Kiyoshi Taniguchi & Yuki Tokoyama, 2002. "Analysis of Food Consumption Behavior by Japanese Households," Working Papers 02-06, Agricultural and Development Economics Division of the Food and Agriculture Organization of the United Nations (FAO - ESA).
    6. Suwartini, Endang & Coffin, H. Garth & Gunjal, Kisan, 1997. "Economic welfare analysis of policy-induced structural change in the Indonesian poultry industry," Agricultural Economics, Blackwell, vol. 16(3), pages 237-243, August.
    7. Dragan Miljkovic & Gary Brester & John Marsh, 2003. "Exchange rate pass-through, price discrimination, and US meat export prices," Applied Economics, Taylor & Francis Journals, vol. 35(6), pages 641-650.
    8. Hikaru Hanawa Peterson & Yun-Ju (Kelly) Chen, 2005. "The impact of BSE on Japanese retail meat demand," Agribusiness, John Wiley & Sons, Ltd., vol. 21(3), pages 313-327.
    9. Renee B. Kim & Y.J. Kim & Michele Veeman, 2004. "Adjustments in the South Korean beef import market under beef import liberalization policies," Agribusiness, John Wiley & Sons, Ltd., vol. 20(2), pages 201-216.
    10. Ogunyinka, Ebenezer & Marsh, Thomas L., 2003. "Testing Separability In A Generalized Ordinary Differential Demand System: The Case Of Nigerian Demand For Meat," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35111, Southern Agricultural Economics Association.
    11. Huang, Jikun & Bouis, Howarth E., 1996. "Structural changes in the demand for food in Asia," 2020 vision briefs 41, International Food Policy Research Institute (IFPRI).
    12. Huang, Jikun & Bouis, Howarth, 2001. "Structural changes in the demand for food in Asia: empirical evidence from Taiwan," Agricultural Economics, Blackwell, vol. 26(1), pages 57-69, October.
    13. Buccola, Steven T. & Zanden, Loren Vander, 1997. "The Demand for Wines: Variety and Region Effects," 1997 Annual Meeting, July 13-16, 1997, Reno\Sparks, Nevada 35765, Western Agricultural Economics Association.
    14. Eales, James S. & Roheim, Cathy A., 1999. "Testing Separability Of Japanese Demand For Meat And Fish Within Differential Demand Systems," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 24(01), July.
    15. Peterson, Hikaru Hanawa & Chen, Yun-Ju (Kelly), 2003. "The Impact Of Bse On Japanese Retail Beef Market," 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama 35233, Southern Agricultural Economics Association.

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