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An Analysis Of The Impact Of Energy Price Escalations During The 1970'S On Hawaii Beef Production And Prices

Author

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  • Roberts, Roland K.
  • Vieth, Gary R.
  • Nolan, James C.

Abstract

This paper explores the impact of the rapid energy price increases during the 1970's on beef production and prices in Hawaii by performing two simulations‘ of a quarterly econometric model of the Hawaii beef industry. With energy prices increasing at pre-oil embargo rates, Hawaii could have produced 37 percent more grain-fed beef and 46 percent less grass-fed beef in 1980, for an increase in total beef production of 7 percent.

Suggested Citation

  • Roberts, Roland K. & Vieth, Gary R. & Nolan, James C., 1982. "An Analysis Of The Impact Of Energy Price Escalations During The 1970'S On Hawaii Beef Production And Prices," 1982 Annual Meeting, August 1-4, Logan, Utah 279470, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea82:279470
    DOI: 10.22004/ag.econ.279470
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    File URL: https://ageconsearch.umn.edu/record/279470/files/aaea-1982-138.pdf
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    References listed on IDEAS

    as
    1. White, Kenneth J, 1978. "A General Computer Program for Econometric Methods-Shazam," Econometrica, Econometric Society, vol. 46(1), pages 239-240, January.
    2. Marc Nerlove, 1958. "Distributed lags and Estimation of Long-Run Supply and Demand Elasticities: Theoretical Considerations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 40(2), pages 301-310.
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    Cited by:

    1. Garrod, Peter V. & Roberts, Roland K., 1983. "Choice Of Technology: The Case Of Grass Fed Versus Grain Fed Cattle In Hawaii," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(2), pages 1-12, December.

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