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Dynamics and Long-run Structure in U.S. Meat Demand

Author

Listed:
  • T. Kesavan
  • Zuhair A. Hassan
  • Helen H. Jensen
  • Stanley R. Johnson

Abstract

Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meat demand data. This study derives a linear specification in levels form to investigate dynamics in a general framework. Merging a long-run steady state structure with short-run dynamics results in consistent and robust long-run demand elasticities. Journal article in Canadian Journal of Agricultural Economics 41 (1993), 139-153.
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Suggested Citation

  • T. Kesavan & Zuhair A. Hassan & Helen H. Jensen & Stanley R. Johnson, 1993. "Dynamics and Long-run Structure in U.S. Meat Demand," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 41(2), pages 139-153, July.
    • Handle: RePEc:bla:canjag:v:41:y:1993:i:2:p:139-153
    DOI: j.1744-7976.1993.tb03739.x
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    Cited by:

    1. Diansheng Dong & Christopher G. Davis & Hayden Stewart, 2015. "The quantity and variety of households’ meat purchases: A censored demand system approach," Agricultural Economics, International Association of Agricultural Economists, vol. 46(1), pages 99-112, January.
    2. Jones, Keithly G. & Harvey, David J., 2006. "Evaluating the Economic Impact of Countervailing Duties on United States Warm Water Shrimp Imports," 2006 Annual meeting, July 23-26, Long Beach, CA 21118, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    3. Boonsaeng, Tullaya & Wohlgenant, Michael K., 2006. "Testing Separability between Import and Domestic Commodities: Application to U.S. Meat Demand in a Dynamic Model," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35267, Southern Agricultural Economics Association.
    4. Saroja Selvanathan & Maneka Jayasinghe & Eliyathamby A. Selvanathan & Shashika D. Rathnayaka, 2024. "Dynamic modelling of consumption patterns using LA-AIDS: a comparative study of developed versus developing countries," Empirical Economics, Springer, vol. 66(1), pages 75-135, January.
    5. Dhehibi, B. & Gil, J. M., 2003. "Forecasting food demand in Tunisia under alternative pricing policies," Food Policy, Elsevier, vol. 28(2), pages 167-186, April.
    6. Jones, Keithly G. & Hahn, William F. & Davis, Christopher G., 2003. "Demand for U.S. Lamb and Mutton: A Two Stage Differential Approach," 2003 Annual meeting, July 27-30, Montreal, Canada 22122, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Walters, Lurleen M. & Harvey, David & Jones, Keithly G., 2015. "To Have or Not to Have the Common External Tariff: The CARICOM Countries Conundrum," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 18(A), pages 1-18, July.
    8. Okrent, Abigail M. & MacEwan, Joanna P., 2014. "The Effects of Prices, Advertising, Expenditures, and Demographics on Demand for Nonalcoholic Beverages," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 43(01), pages 1-22, April.
    9. Mazzocchi, Mario & Stefani, Gianluca, 2002. "Consumer Welfare and the Loss Induced by Withheld Information: The Case of BSE in Italy," 2002 International Congress, August 28-31, 2002, Zaragoza, Spain 24927, European Association of Agricultural Economists.
    10. Smed, Sinne & Jensen, Jorgen Dejgaard & Denver, Sigrid, 2005. "Differentiated Food Taxes as a Tool in Health and Nutrition Policy," 2005 International Congress, August 23-27, 2005, Copenhagen, Denmark 24579, European Association of Agricultural Economists.
    11. Eales, James S. & Hyde, Jeffrey & Schrader, Lee F., 1998. "A Note On Dealing With Poultry In Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(2), pages 1-10, December.
    12. Christopoulos, Dimitris K., 2000. "The demand for energy in Greek manufacturing," Energy Economics, Elsevier, vol. 22(5), pages 569-586, October.
    13. Wang, Qingbin, 1994. "Modeling China's household food demand in the transition toward a market economy," ISU General Staff Papers 1994010108000011518, Iowa State University, Department of Economics.
    14. A. Gracia & J. M. Gil & A. M. Angulo, 1998. "Spanish food demand: a dynamic approach," Applied Economics, Taylor & Francis Journals, vol. 30(10), pages 1399-1405.
    15. repec:isu:genstf:1993010108000011815 is not listed on IDEAS
    16. Okrent, Abigail M. & MacEwan, Joanna P., 2014. "The Effects of Prices, Advertising, Expenditures, and Demographics on Demand for Nonalcoholic Beverages," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 0, pages 1-22.

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