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Parameter Stability And The U.S. Demand For Beef

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  • Moschini, GianCarlo
  • Meilke, Karl D.

Abstract

The main objective of this paper is to test the hypothesis that consumer preferences for beef in the United States have been affected by structural change, which reduces to testing for parameter stability in estimated demand equations. To this end, alternative specifications of the demand function are estimated using a general form of the Box-Cox transformation. Tests based on recursive residuals and on the F distribution provide little evidence of structural change, and suggest that the recent decline in beef consumption may be explained by changes in relative prices.

Suggested Citation

  • Moschini, GianCarlo & Meilke, Karl D., 1984. "Parameter Stability And The U.S. Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 0(Number 2), pages 1-12, December.
  • Handle: RePEc:ags:wjagec:32143
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    References listed on IDEAS

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    1. Blaylock, James R. & Smallwood, David M., 1983. "Box-Cox Transformations And Error Term Specification In Demand Models," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(01), July.
    2. Deaton,Angus & Muellbauer,John, 1980. "Economics and Consumer Behavior," Cambridge Books, Cambridge University Press, number 9780521296762, October.
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    1. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 156229, University of Guelph, Department of Food, Agricultural and Resource Economics.
    2. Pingetzer, Robert L. & Menkhaus, Dale J. & Whipple, Glen D. & Field, Ray A., 1989. "The Influence of Selected Product and Demographic Characteristics on Beef Purchasing Patterns," 1989 Annual Meeting, June 9-12, 1989, Coeur d/Alene, Idaho 245042, Western Agricultural Economics Association.
    3. Poray, Michael C. & Foster, Kenneth A. & Dorfman, Jeffrey H., 2000. "Measuring An Almost Ideal Demand System With Generalized Flexible Least Squares," 2000 Annual meeting, July 30-August 2, Tampa, FL 21796, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    4. Menkhaus, Dale J. & Pingetzer, Robert L. & Whipple, Glen D. & Field, Ray A., 1990. "The Influence Of Consumer Concerns And Demographic Factors On Purchasing Patterns For Beef," Journal of Food Distribution Research, Food Distribution Research Society, vol. 0(Number 3), pages 1-10, September.
    5. McKenzie, Andrew M. & Thomsen, Michael R., 2001. "The Effect Of E. Coli O157:H7 On Beef Prices," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 2), pages 1-14, December.
    6. Rafael Cortez & Ben Senauer, 1996. "Taste Changes in the Demand for Food by Demographic Groups in the United States: A Nonparametric Empirical Analysis," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(2), pages 280-289.
    7. Marsh, John M., 1992. "Usda Data Revisions Of Choice Beef Prices And Price Spreads: Implications For Estimating Demand Responses," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 2), pages 1-12, December.
    8. Heien, Dale & Pompelli, Greg, 1988. "The Demand For Beef Products: Cross-Section Estimation Of Demographic And Economic Effects," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 13(01), July.
    9. Capps, Oral, Jr., 1986. "Changes In Domestic Demand For Food: Impacts On Southern Agriculture," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 18(01), July.
    10. Richards, Timothy J. & Kagan, Albert & Gao, Xiaoming, 1997. "Factors Influencing Changes In Potato And Potato Substitute Demand," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0(Number 1), pages 1-15, April.
    11. Wohlgenant, Michael K., 1985. "Estimating Cross Elasticities Of Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(02), December.
    12. Roger A. Dahlgran & Dean G. Fairchild, 2002. "The demand impacts of chicken contamination publicity-a case study," Agribusiness, John Wiley & Sons, Ltd., vol. 18(4), pages 459-474.
    13. Marsh, John M., 1991. "Derived Demand Elasticities: Marketing Margin Methods Versus An Inverse Demand Model For Choice Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(02), December.
    14. Hsu, Jane Lu, 2000. "Gradual Switching Structural Changes of Meat Consumption in Taiwan," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123663, Australian Agricultural and Resource Economics Society.
    15. Buhr, Brian L., 1993. "A Quarterly Econometric Simulation Model Of The U.S. Livestock And Meat Sector," Staff Papers 13465, University of Minnesota, Department of Applied Economics.
    16. Dahlgran, Roger A., 1987. "Complete Flexibility Systems And The Stationarity Of U.S. Meat Demands," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(02), December.
    17. Yen, Steven T. & Huang, Chung L., 2002. "Cross-Sectional Estimation Of U.S. Demand For Beef Products: A Censored System Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 0(Number 2), pages 1-15, December.
    18. Purcell, Wayne D., 1993. "Consumers' Buying Behavior for Beef: Implications of Price and Product Attributes," Staff Papers 232458, Virginia Tech, Department of Agricultural and Applied Economics.
    19. Faminow, Merle D., 1989. "The Red Meats Industry: Structural Change Or Economic Adjustment?," Papers 124343, University of Manitoba, Department of Agribusiness and Agricultural Economics.
    20. Huang, Chung L. & Yen, Steven T., 2002. "Estimation Of A Demand System With Limited Dependent Variables," 2002 Annual meeting, July 28-31, Long Beach, CA 19592, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    21. Frechette, Darren L. & Jin, Hyun-Joung, 2002. "Distinguishing transitory nonlinear shocks from permanent structural change," Structural Change and Economic Dynamics, Elsevier, vol. 13(2), pages 231-248, June.
    22. Kesavan, Thulasiram, 1988. "Monte Carlo experiments of market demand theory," ISU General Staff Papers 198801010800009854, Iowa State University, Department of Economics.
    23. Wohlgenant, Michael K. & Mullen, John D., 1987. "Modeling The Farm-Retail Price Spread For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 12(02), December.
    24. Roger K. Conway & Charles B. Hallahan & Richard P. Stillman & Paul T. Prentice, 1990. "Forecasting livestock prices: Fixed and stochastic coefficients estimation comparisons," Agribusiness, John Wiley & Sons, Ltd., vol. 6(1), pages 15-32.
    25. Brenda L. Boetel & Donald J. Liu, 2003. "Evaluating the effect of generic advertising and food health information within a meat demand system," Agribusiness, John Wiley & Sons, Ltd., vol. 19(3), pages 345-354.

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    Keywords

    Demand and Price Analysis;

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