Modeling the Pattern of Structural Change in U.S. Meat Demand
The hypothesis of structural change in U.S. meat demand is tested in a four-meat almost ideal demand system with parameters following a gradual switching regression model. The results support the notion that structural change partly explains the observed U.S. meat consumption patterns. Structural change is biased against beef, neutral for pork, in favor of chicken and fish, and it does not affect estimated elasticities. The estimated path of structural change implies a rapid transition to a new regime in the mid-1970s, although a smooth path cannot be ruled out.
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|Date of creation:||01 May 1989|
|Publication status:||Published in American Journal of Agricultural Economics, May 1989, vol. 71 no. 2, pp. 253-261|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
Phone: +1 515.294.6741
Fax: +1 515.294.0221
Web page: http://www.econ.iastate.edu
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