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A Comparison Of Demands For Meat Products In The Pacific Rim Region

  • Capps, Oral, Jr.
  • Tsai, Reyfong
  • Kirby, Raymond
  • Williams, Gary W.
Registered author(s):

    The Rotterdam model is used to obtain estimates of demand parameters for meat products in Taiwan, South Korea, and Japan. Unlike most previous studies of demand systems, the model takes into account simultaneous-equation bias which arises due to the endogeneity of total expenditure. Beef, pork, and chicken are separable from marine products for each Pacific Rim country. However, demand elasticities for beef, pork, and chicken are different among the various Pacific Rim nations. One may not then use the elasticity estimates of a particular country and apply them to other Pacific Rim markets.

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    File URL: http://purl.umn.edu/31223
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    Article provided by Western Agricultural Economics Association in its journal Journal of Agricultural and Resource Economics.

    Volume (Year): 19 (1994)
    Issue (Month): 01 (July)
    Pages:

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    Handle: RePEc:ags:jlaare:31223
    Contact details of provider: Web page: http://waeaonline.org/
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    1. Thomas I. Wahl & Dermot J. Hayes & Stanley R. Johnson, 1991. "Impacts of Liberalizing the Japanese Pork Market," Center for Agricultural and Rural Development (CARD) Publications 90-gatt5, Center for Agricultural and Rural Development (CARD) at Iowa State University.
    2. Wahl, Thomas I. & Hayes, Dermot J. & Williams, Gary W., 1991. "Dynamic Adjustment in the Japanese Livestock Industry Under Beef Import Liberalization," Staff General Research Papers 474, Iowa State University, Department of Economics.
    3. Hayes, Dermot J. & Wahl, Thomas I. & Williams, Gary W., 1990. "Testing Restrictions on a Model of Japanese Meat Demand," Staff General Research Papers 10940, Iowa State University, Department of Economics.
    4. Attfield, Clifford L. F., 1985. "Homogeneity and endogeneity in systems of demand equations," Journal of Econometrics, Elsevier, vol. 27(2), pages 197-209, February.
    5. Hausman, Jerry A., 1977. "Errors in variables in simultaneous equation models," Journal of Econometrics, Elsevier, vol. 5(3), pages 389-401, May.
    6. Mountain, Dean C, 1988. "The Rotterdam Model: An Approximation in Variable Space," Econometrica, Econometric Society, vol. 56(2), pages 477-84, March.
    7. LaFrance, Jeffrey T., 1991. "When Is Expenditure "Exogenous" In Separable Demand Models?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
    8. Dyck, John H. & Sillers, Donald A., 1986. "South Korea: An Export Market Profile," Foreign Agricultural Economic Report (FAER) 147536, United States Department of Agriculture, Economic Research Service.
    9. Pudney, Stephen E, 1981. "An Empirical Method of Approximating the Separable Structure of Consumer Preferences," Review of Economic Studies, Wiley Blackwell, vol. 48(4), pages 561-77, October.
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