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Estimation of a General Class of Demand Functions for Meat in Australia

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  • Johnson, Lester W.

Abstract

Australian demand for meat and beef equations are estimated using a generalised functional form developed by Box and Cox. On the surface, results do not allow rejection of the usual double-log specification commonly used, but possible reasons for this are suggested. More encouraging is that estimated income elasticities for beef are seen generally to decline over the sample period, a result more in line with a priori expectations. Finally, possible extensions of our work are suggested.

Suggested Citation

  • Johnson, Lester W., 1978. "Estimation of a General Class of Demand Functions for Meat in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 46(02), pages 1-10, August.
    • Handle: RePEc:ags:remaae:10318
    DOI: 10.22004/ag.econ.10318
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    References listed on IDEAS

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    1. Gaudry, M.J.I. & Wills, M.J., 1977. "Estimating the Functional Form of Travel Demand Models," Cahiers de recherche 7702, Universite de Montreal, Departement de sciences economiques.
    2. Spitzer, John J, 1976. "The Demand for Money, the Liquidity Trap, and Functional Forms," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 17(1), pages 220-227, February.
    3. Richardson, Robert A., 1976. "Structural Estimates Of Domestic Demand For Agricultural Products In Australia: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(03), pages 1-30, September.
    4. White, Kenneth J, 1972. "Estimation of the Liquidity Trap with a Generalized Functional Form," Econometrica, Econometric Society, vol. 40(1), pages 193-199, January.
    5. Chang, Hui Shyong, 1977. "A Computer Program for Box-Cox Transformation and Estimation Technique," Econometrica, Econometric Society, vol. 45(7), pages 1741-1741, October.
    6. Spitzer, John J., 1977. "A simultaneous equations system of money demand and supply using generalized functional forms," Journal of Econometrics, Elsevier, vol. 5(1), pages 117-128, January.
    7. Chang, Hui-shyong, 1977. "Functional Forms and the Demand for Meat in the United States," The Review of Economics and Statistics, MIT Press, vol. 59(3), pages 355-359, August.
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    Cited by:

    1. Zhao, Xueyan & Mullen, John D. & Griffith, Garry R. & Griffiths, William E. & Piggott, Roley R., 2000. "An Equilibrium Displacement Model of the Australian Beef Industry," Research Reports 28007, New South Wales Department of Primary Industries Research Economists.
    2. E.J. Roberts, 1990. "The Demand for Meat: Part III," Economics Discussion / Working Papers 90-13, The University of Western Australia, Department of Economics.

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    Keywords

    Demand and Price Analysis;

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