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The BSE Crisis and the Price of Red Meat in the UK

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Author Info
John Leeming
Paul Turner () (Department of Economics, The University of Sheffield)

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Abstract

This paper presents estimates of price functions for beef, lamb and pork for the UK economy which allow for the effects of the 1996 BSE crisis. Our estimates illustrate the importance of allowing for the joint endogeneity of prices in these markets. We show that the effects of this crisis had a significant negative effect on the price of beef and a positive and significant effect on the price of lamb. However, there appears to have been little effect on the price of pork.

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File URL: http://www.shef.ac.uk/content/1/c6/06/31/69/SERP2003002.pdf
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File Function: First version, 2003
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File URL: http://www.shef.ac.uk/content/1/c6/06/31/69/SERP2003002.pdf
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File Function: Revised version, 2003
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Publisher Info
Paper provided by The University of Sheffield, Department of Economics in its series Working Papers with number 2003002.

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Length: 15 pages
Date of creation: Mar 2003
Date of revision: Mar 2003
Handle: RePEc:shf:wpaper:2003002

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Related research
Keywords: Demand for red meat; endogenous regressors; BSE crisis.;

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Find related papers by JEL classification:
C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions
Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

  1. Dnes, Antony W, 1996. "An Economic Analysis of the BSE Scare," Scottish Journal of Political Economy, Scottish Economic Society, vol. 43(3), pages 343-48, August.
  2. Burton, Michael & Young, Trevor, 1996. "The Impact of BSE on the Demand for Beef and Other Meats in Great Britain," Applied Economics, Taylor and Francis Journals, vol. 28(6), pages 687-93, June. [Downloadable!] (restricted)
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Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

  1. Park, Moonsoo & Jin, Yanhong H & Bessler, David A., 2008. "The Impacts of Animal Disease Crises on the Korean Meat Market," 2008 Annual Meeting, July 27-29, 2008, Orlando, Florida 6365, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association). [Downloadable!]
    Other versions:
  2. Takashi Ishida & Noriko Ishikawa & Mototsugu Fukushige, 2006. "Impact of BSE and Bird Flu on Consumersf Meat Demand in Japan," Discussion Papers in Economics and Business 06-01, Osaka University, Graduate School of Economics and Osaka School of International Public Policy (OSIPP).
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