Functional Form Specification In The Quarterly Demand For Red Meats In Canada
AbstractMost demand studies, particularly those for food products, choose somewhat arbitrarily either a linear or a log-linear functional form. Since choice of functional form has implications for elasticities and their properties over time, either form may be considered restrictive. An empirical test of functional form in the short-run (quarterly) demand for four red meats is presented in this paper. For beef demand, neither a linear nor a log-linear form is appropriate. Similarly for pork and lamb demand, a linear functional form is not appropriate, but the log-linear one is. For veal demand, although data supported both function forms, a linear form is preferred when seasonal influences are accounted for.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Western Agricultural Economics Association in its journal Western Journal of Agricultural Economics.
Volume (Year): 04 (1979)
Issue (Month): 02 (December)
Demand and Price Analysis; Livestock Production/Industries;
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Gregory C. Chow, 1966. "On the Long-Run and Short-Run Demand for Money," Journal of Political Economy, University of Chicago Press, University of Chicago Press, vol. 74, pages 111.
- Spitzer, John J., 1977. "A simultaneous equations system of money demand and supply using generalized functional forms," Journal of Econometrics, Elsevier, Elsevier, vol. 5(1), pages 117-128, January.
- Blaylock, James R. & Salathe, Larry E. & Green, Richard D., 1980. "A Note On The Box-Cox Transformation Under Heteroskedasticity," Western Journal of Agricultural Economics, Western Agricultural Economics Association, Western Agricultural Economics Association, vol. 5(02), December.
- Koo, Won W. & Park, Chang J., 1988. "Econometric Analysis of Livestock Products Demand in Korea and Its Implications in the Korean Feed Grain Industry," Agricultural Economics Reports, North Dakota State University, Department of Agribusiness and Applied Economics 23471, North Dakota State University, Department of Agribusiness and Applied Economics.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.