Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach
AbstractThis study examines the impacts of NAFTA on meat demand and develops an inverse demand system model for meat to analyze price and scale flexibility. The inverse demand system model for meat products suggests that, After NAFTA, there is a decline in average on the preference for beef consumption. The availability of low quality beef and the concern over infectious disease through the imported beef might be the reasons for this decline on the preference for beef consumption. Results show that all meats are substitutes to each other and proportionate increase in all meats reduce the price for meats.
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Bibliographic InfoArticle provided by Econjournals in its journal International Journal of Economics and Financial Issues.
Volume (Year): 2 (2012)
Issue (Month): 1 ()
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Inverse demand system model; NAFTA; Price and Scale Flexibility;
Find related papers by JEL classification:
- Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
- Q17 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Agriculture in International Trade
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
- F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
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