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An Open Econometric Model of the Canadian Beef Cattle Sector

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  • S. N. Kulshreshtha
  • A. G. Wilson

Abstract

Limited information is available concerning the relationships existing among demand, supply, and price within the Canadian beef cattle sector. Since the sector is very dependent on exports to the U.S.A., an open econometric model is developed to estimate the simultaneous relationships prevailing among the demand, supply and price, and export variables. The two-stage least squares procedure is adopted to obtain a solution. It was estimated that by 1975 both Canadian domestic demand for beef and farm prices of beef will increase, but exports of live cattle will decline. The model also revealed that the price and production levels of feed grains are important factors in accommodating the expansion of demand.

Suggested Citation

  • S. N. Kulshreshtha & A. G. Wilson, 1972. "An Open Econometric Model of the Canadian Beef Cattle Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 84-91.
  • Handle: RePEc:oup:ajagec:v:54:y:1972:i:1:p:84-91.
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    File URL: http://hdl.handle.net/10.2307/1237737
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    Citations

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    Cited by:

    1. Jeong, Min-kook & Moon, Hanpil & Song, Woo-jin, 2017. "Impact Of Increased Imports Of Agricultural Products Due To Ftas On Domestic Price Decline," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 40(Special, ), December.
    2. Kulshreshtha, Surendra N., 1979. "Functional Form Specification In The Quarterly Demand For Red Meats In Canada," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-10, December.
    3. Mervish, Philip & Anderson, David P. & Richardson, James W. & Outlaw, Joe L., 2008. "The Impact of Land Fragmentation on Beef Cattle Inventory," 2008 Annual Meeting, February 2-6, 2008, Dallas, Texas 6816, Southern Agricultural Economics Association.
    4. Brester, Gary W. & Marsh, John M., 1983. "A Statistical Model Of The Primary And Derived Market Levels In The U.S. Beef Industry," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-16, July.
    5. Meilke, Karl D. & Coleman, Jonathan R., 1986. "An Evaluation of the Influence of Exchange Rates on the Canadian Red Meat Sector," Working Papers 244739, University of Guelph, Department of Food, Agricultural and Resource Economics.
    6. Gong, Shang-Chi, 1988. "The Taiwanese livestock and feedgrain markets and policies," ISU General Staff Papers 198801010800009845, Iowa State University, Department of Economics.
    7. Vere, David T. & Griffith, Garry R. & Bootle, B.W., 1993. "Alternative Breeding Inventory Specifications In A Livestock Market Model," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 37(3), pages 1-24, December.

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