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Demand for U.S. Lamb and Mutton: A Two Stage Differential Approach

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  • Jones, Keithly G.
  • Hahn, William F.
  • Davis, Christopher G.

Abstract

Estimates of price and scale demand elasticities for lamb and mutton consumed in the United States are derived. The U.S. lamb and mutton consumption comprises primarily of domestic production, and imports from two countries-Australia and New Zealand. The Netherlands Central Bureau of Statistics (CBS) demand system derived by Keller and Van Driel (1985) is employed. The CBS model is preferred as it combines non-linear Engel curves with the simplicity of the Slutsky matrix and allows for the ease of implementing concavity and other restrictions. Empirical results for own-price elasticities of demand indicate that U.S. demand for Australian lamb demand is highly elastic while U.S. demand for New Zealand and domestic lamb was inelastic. The scale demand elasticity results indicate that if the U.S. increases total demand for lamb, Australia and New Zealand's share of total demand will more than proportionately increase while the U.S. share of total demand will decrease. The scale elasticities show that domestic lamb is an inferior good.

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Bibliographic Info

Paper provided by American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) in its series 2003 Annual meeting, July 27-30, Montreal, Canada with number 22122.

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Date of creation: 2003
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Handle: RePEc:ags:aaea03:22122

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Keywords: Demand and Price Analysis;

References

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  1. T. Kesavan & Zuhair A. Hassan & Helen H. Jensen & Stanley R. Johnson, 1993. "Dynamics and Long-run Structure in U.S. Meat Demand," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(2), pages 139-153, 07.
  2. Pollak, Robert A & Wales, Terrence J, 1969. "Estimation of the Linear Expenditure System," Econometrica, Econometric Society, vol. 37(4), pages 611-28, October.
  3. Keller, W.J. & Van Driel, J., 1985. "Differential consumer demand systems," European Economic Review, Elsevier, vol. 27(3), pages 375-390.
  4. Moschini, GianCarlo & Moro, D. & Green, Richard D., 1994. "Maintaining and Testing Separability in Demand Systems," Staff General Research Papers 11247, Iowa State University, Department of Economics.
  5. Moschini, GianCarlo & Meilke, Karl D., 1989. "Modeling the Pattern of Structural Change in U.S. Meat Demand," Staff General Research Papers 11266, Iowa State University, Department of Economics.
  6. Davis, George C. & Jensen, Kimberly L., 1994. "Two-Stage Utility Maximization And Import Demand Systems Revisited: Limitations And An Alternative," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 19(02), December.
  7. Anderson, Gordon & Blundell, Richard, 1983. "Testing Restrictions in a Flexible Dynamic Demand System: An Application to Consumers' Expenditure in Canada," Review of Economic Studies, Wiley Blackwell, vol. 50(3), pages 397-410, July.
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Cited by:
  1. Muhammad, Andrew & Jones, Keithly G. & Hahn, William F., 2007. "The Impact of Domestic and Import Prices on U.S. Lamb Imports: A Production System Approach," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 36(2), October.
  2. Muhammad, Andrew & Jones, Keithly G. & Hahn, William F., 2004. "U.S. Demand For Imported Lamb By Country: A Two-Stage Differential Production Approach," 2004 Annual Meeting, February 14-18, 2004, Tulsa, Oklahoma 34690, Southern Agricultural Economics Association.

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