A structural time series approach to modelling multiple and resurgent meat scares in Italy
Abstract
This paper exploits a structural time series approach to model the time pattern of multiple and resurgent food scares and their direct and cross-product impacts on consumer response. A structural time series Almost Ideal Demand System (STS-AIDS) is embedded in a vector error correction framework to allow for dynamic effects (VEC-STS-AIDS). Italian aggregate household data on meat demand is used to assess the time-varying impact of a resurgent BSE crisis (1996 and 2000) and the 1999 Dioxin crisis. The VEC-STS-AIDS model monitors the short-run impacts and performs satisfactorily in terms of residuals diagnostics, overcoming the major problems encountered by the customary vector error correction approach.Download Info
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Article provided by Taylor and Francis Journals in its journal Applied Economics.
Volume (Year): 38 (2006)
Issue (Month): 14 ()
Pages: 1677-1688
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- Alessandro Corsi & Silvia Novelli, 2011. "Willingness-to-pay in terms of price: an application to organic beef during and after the “mad cow” crisis," Review of Agricultural and Environmental Studies - Revue d'Etudes en Agriculture et Environnement, INRA Department of Economics, vol. 92(1), pages 25-46.
- Beach, Robert H. & Zhen, Chen, 2009.
"Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza,"
2009 Conference, August 16-22, 2009, Beijing, China
51742, International Association of Agricultural Economists.
- Beach, Robert H. & Zhen, Chen, 2008. "Consumer Purchasing Behavior in Response to Media Coverage of Avian Influenza," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6750, Southern Agricultural Economics Association.
- Dedah, Cheikhna O. & Keithly, Walter R., Jr. & Kazmierczak, Richard F., Jr., 2011. "An Analysis of US Oyster Demand and the Influence of Labeling Requirements," Marine Resource Economics, Marine Resources Foundation, vol. 26(1).
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