Functional Form Specification In The Quarterly Demand For Red Meats In Canada
Most demand studies, particularly those for food products, choose somewhat arbitrarily either a linear or a log-linear functional form. Since choice of functional form has implications for elasticities and their properties over time, either form may be considered restrictive. An empirical test of functional form in the short-run (quarterly) demand for four red meats is presented in this paper. For beef demand, neither a linear nor a log-linear form is appropriate. Similarly for pork and lamb demand, a linear functional form is not appropriate, but the log-linear one is. For veal demand, although data supported both function forms, a linear form is preferred when seasonal influences are accounted for.
Volume (Year): 04 (1979)
Issue (Month): 02 (December)
|Contact details of provider:|| Web page: http://waeaonline.org/|
More information through EDIRC
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.:
- Gregory C. Chow, 1966. "On the Long-Run and Short-Run Demand for Money," Journal of Political Economy, University of Chicago Press, vol. 74, pages 111.
- 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.
When requesting a correction, please mention this item's handle: RePEc:ags:wjagec:32290. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)
If references are entirely missing, you can add them using this form.