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Capturing structural changes in French meat and fish demand over the period 1991-2002
[Détection des changements structurels dans la demande de viande et de poisson français au cours de la période 1991-2002]

Author

Listed:
  • Olivier Allais

    (CORELA - Laboratoire de Recherche sur la Consommation - INRA - Institut National de la Recherche Agronomique)

  • Véronique Nichèle

    (CORELA - Laboratoire de Recherche sur la Consommation - INRA - Institut National de la Recherche Agronomique)

Abstract

A time-varying coefficient demand system, the Markov switching almost ideal demand model, is proposed to shed new light on change over time in the structure of French meat and fish demand. The main feature of this model is that the switching mechanism from one structure of demand to the other is controlled by an unobserved variable that follows a Markov chain. Our model accurately captures the two Bovine Spongiform Encephalopathy (BSE) crises of recent years. We estimate that the 1996 BSE crisis lasted almost three years, whereas the second BSE crisis for just lasted five 4-week periods.

Suggested Citation

  • Olivier Allais & Véronique Nichèle, 2007. "Capturing structural changes in French meat and fish demand over the period 1991-2002 [Détection des changements structurels dans la demande de viande et de poisson français au cours de la période ," Post-Print hal-02659609, HAL.
    • Handle: RePEc:hal:journl:hal-02659609
    DOI: 10.1093/erae/jbm033
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    Cited by:

    1. Irz, Xavier & Mazzocchi, Mario & Réquillart, Vincent & Soler, Louis-Georges, 2015. "Research in Food Economics: past trends and new challenges," Revue d'Etudes en Agriculture et Environnement, Editions NecPlus, vol. 96(01), pages 187-237, March.
    2. Libo Xu & Apostolos Serletis, 2022. "The Demand for Assets: Evidence from the Markov Switching Normalized Quadratic Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 54(4), pages 989-1025, June.

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    Keywords

    DEMANDE;

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