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Table and Manufacturing Quality Beef Cattle Price Relationships in Australia

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  • Harrison, Ian
  • Richardson, Bob

Abstract

A derived reduced form simultaneous equation model is specified to explore the hypothesis of joint determination of prices for table quality and manufacturing quality beef cattle in Australia. Quarterly data for the period 1966 (1) to 1979 (4) are used. Estimated coefficients for the two types of cattle suggest significant price transmission effects between the two markets. This study may be viewed as an attempt to explicitly recognize the heterogeneous nature of beef cattle in the context of a formal econometric model.

Suggested Citation

  • Harrison, Ian & Richardson, Bob, 1980. "Table and Manufacturing Quality Beef Cattle Price Relationships in Australia," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 48(03), pages 1-16, December.
    • Handle: RePEc:ags:remaae:9608
    DOI: 10.22004/ag.econ.9608
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    References listed on IDEAS

    as
    1. Longworth, John W., 1976. "Institutions And Policies Influencing Japanese Beef Imports," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(01-2), pages 1-25, March.
    2. Marceau, Ian W., 1967. "Quarterly Estimates Of The Demand And Price Structure For Meat In New South Wales," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 1-14, June.
    3. Freebairn, John W., 1973. "Some Estimates of Supply and Inventory Response Functions for the Cattle and Sheep Sector of New South Wales," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 41(02-3), pages 1-38, June.
    4. Richardson, Robert A., 1976. "Structural Estimates Of Domestic Demand For Agricultural Products In Australia: A Review," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 44(03), pages 1-30, September.
    5. Houck, James P., 1974. "The Short-Run Impact Of Beef Imports On U.S. Meat Prices," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 18(1), pages 1-13, April.
    6. Fair, Ray C, 1970. "The Estimation of Simultaneous Equation Models with Lagged Endogenous Variables and First Order Serially Correlated Errors," Econometrica, Econometric Society, vol. 38(3), pages 507-516, May.
    7. John W. Freebairn & Fred H.G. Gruen, 1977. "Marketing Australian Beef And Export Diversification Schemes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 21(1), pages 26-39, April.
    8. C. D. Throsby, 1974. "A Quarterly Econometric Model of the Australian Beef Industry," The Economic Record, The Economic Society of Australia, vol. 50(2), pages 199-217, June.
    9. repec:bla:ecorec:v:50:y:1974:i:130:p:199-217 is not listed on IDEAS
    10. Ian W. Marceau, 1967. "Quarterly Estimates Of The Demand And Price Structure For Meat In New South Wales," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 11(1), pages 49-62, June.
    Full references (including those not matched with items on IDEAS)

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    Keywords

    Livestock Production/Industries;

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