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

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

Abstract

Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meal 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.

Suggested Citation

  • Kesavan, T. & Hassan, Zuhair A. & Jensen, Helen H. & Johnson, Stanley R., 1993. "Dynamics and Long-Run Structure in U.S. Meat Demand," Staff General Research Papers Archive 635, Iowa State University, Department of Economics.
  • Handle: RePEc:isu:genres:635
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    File URL: http://www2.econ.iastate.edu/papers/p3998-1993-07-01.pdf
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    References listed on IDEAS

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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. 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(1), April.
    4. 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.
    5. 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.
    6. Christopoulos, Dimitris K., 2000. "The demand for energy in Greek manufacturing," Energy Economics, Elsevier, vol. 22(5), pages 569-586, October.
    7. 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.
    8. 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.
    9. 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).
    10. 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 (IFAMA), vol. 18(A).
    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(02), December.
    12. 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.
    13. Fabiosa, Jacinto Fama, 1993. "Essays in dynamic adjustment, structural change and data analysis: applications to the demand for meat in the US," ISU General Staff Papers 1993010108000011815, Iowa State University, Department of Economics.
    14. Okrent, Abigail M. & MacEwan, Joanna P., 0. "The Effects of Prices, Advertising, Expenditures, and Demographics on Demand for Nonalcoholic Beverages," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association.

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