Modeling the Pattern of Structural Change in U.S. Meat Demand
AbstractThe hypothesis of structural change in U.S. meat demand is tested in a four-meat almost ideal demand system with parameters following a gradual switching regression model. The results support the notion that structural change partly explains the observed U.S. meat consumption patterns. Structural change is biased against beef, neutral for pork, in favor of chicken and fish, and it does not affect estimated elasticities. The estimated path of structural change implies a rapid transition to a new regime in the mid-1970s, although a smooth path cannot be ruled out.
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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 11266.
Date of creation: 01 May 1989
Date of revision:
Publication status: Published in American Journal of Agricultural Economics, May 1989, vol. 71 no. 2, pp. 253-261
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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