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Simultaneity and Structural Change in U.S. Meat Demand

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  • Eales, James
  • Unnevehr, Laurian J.

Abstract

An inverse of the Almost Ideal Demand System, the IAIDS, is developed in order to test the endogeneity of prices and quantities in the U.S. meat demand system. The IAIDS has all the desirable theoretical properties of the AIDS except aggregation from the micro to the market level. Using annual data, both prices and quantities appear to be endogenous within the entire meat market. Including livestock production costs and technical change indicators as instruments eliminates evidence of a mid 1970s demand change.
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Suggested Citation

  • Eales, James & Unnevehr, Laurian J., 1992. "Simultaneity and Structural Change in U.S. Meat Demand," 1981-1999 Conference Archive 285915, NCR-134/ NCCC-134 Applied Commodity Price Analysis, Forecasting, and Market Risk Management.
    • Handle: RePEc:ags:nc8191:285915
    DOI: 10.22004/ag.econ.285915
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    11. Delport, Marion & Louw, Marlene & Davids, Tracy & Vermeulen, Hester & Meyer, Ferdi, 2017. "Evaluating the demand for meat in South Africa: an econometric estimation of short term demand elasticities," Agrekon, Agricultural Economics Association of South Africa (AEASA), vol. 56(01), March.
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    15. Richards, Timothy J. & Gao, X.M. & Patternson, Paul M., 1996. "Branded and Generic Promotion in a Complex Carbohydrate Demand System: A Structural Latent Variable Approach to Promotion Evaluation," Economic Evaluation of Commodity Promotion Programs in the Current Legal and Political Environment, October 7-8, 1996, Monterey, California 279667, Regional Research Projects > NECC-63: Research Committee on Commodity Promotion.
    16. Goodwin, Harold L., Jr. & Shiptsova, Rimma, 2002. "Changes In Market Equilibria Resulting From Food Safety Regulation In The Meat And Poultry Industries," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 5(01), pages 1-14.
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    19. Sooriyakumar Krishnapillai, 2012. "Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 2(1), pages 79-84.
    20. Tonsor, Glynn T. & Marsh, Thomas L., 2005. "Comparing Heterogeneous Consumption in US and Japanese Meat and Fish Demand," 2005 Annual meeting, July 24-27, Providence, RI 19567, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    21. Paul M. Patterson & Timothy J. Richards, 2000. "Newspaper advertisement characteristics and consumer preferences for apples: A mimic model approach," Agribusiness, John Wiley & Sons, Ltd., vol. 16(2), pages 159-177.
    22. Arancibia, Rodrigo García & Masaro, Jimena Vicentin & Coronel, Mariano, 2024. "Latin American beer production and import demand for regional malt and malted barley," International Journal on Food System Dynamics, International Center for Management, Communication, and Research, vol. 15(02), June.
    23. Eales, James & Veeman, Michele & Fulton, Joan, 1993. "Canadian Demand for Meats," Project Report Series 232377, University of Alberta, Department of Resource Economics and Environmental Sociology.
    24. 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.
    25. Peguero, Felipe & Kennedy, P. Lynn & Zapata, Hector O., "undated". "A Generalized Dynamic Inverse AIDS Model for Fresh Fruits and Vegetables: An Application to the U.S. Bell Pepper Industry," 2018 Annual Meeting, February 2-6, 2018, Jacksonville, Florida 266686, Southern Agricultural Economics Association.

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