Measuring the Impact of a BSE Announcement on U.S. Retail Beef Sales: A Time-Series Analysis
AbstractOn December 23, 2003, Agriculture Secretary Ann M. Veneman announced that the United States Department of Agriculture had diagnosed the first U.S. case of bovine spongiform encephalopathy (BSE), commonly known as â€œmad cow disease.â€ This study uses supermarket sales data to analyze the effect of the BSE announcement on U.S. retail beef sales, finding a statistically significant disruption of sales. In addition, we develop a forecast of retail beef sales revenues in the hypothetical absence of BSE. The forecast implies that the BSE announcement may have reduced domestic retail beef revenues in excess of $11 billion in the post-BSE period.
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Bibliographic InfoArticle provided by Agricultural Economics Association of Georgia in its journal Journal of Agribusiness.
Volume (Year): 23 (2005)
Issue (Month): 1 ()
ARIMA models; BSE; mad cow disease; U.S. retail beef sales; Health Economics and Policy; Livestock Production/Industries;
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- Wolfram Schlenker & Sofia B. Villas-Boas, 2009.
"Consumer and Market Responses to Mad Cow Disease,"
American Journal of Agricultural Economics,
Agricultural and Applied Economics Association, vol. 91(4), pages 1140-1152.
- Schlenker, Wolfram & Villas-Boas, Sofia B, 2008. "Consumer and Market Responses to Mad-Cow Disease," Department of Agricultural & Resource Economics, UC Berkeley, Working Paper Series qt7995j7cm, Department of Agricultural & Resource Economics, UC Berkeley.
- Schlenker, Wolfram & Villas-Boas, Sofia B, 2008. "Consumer and market responses to mad-cow disease," CUDARE Working Paper Series 1023, University of California at Berkeley, Department of Agricultural and Resource Economics and Policy.
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