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Functional Form Specification In The Quarterly Demand For Red Meats In Canada

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  • Kulshreshtha, Surendra N.

Abstract

Most demand studies, particularly those for food products, choose somewhat arbitrarily either a linear or a log-linear functional form. Since choice of functional form has implications for elasticities and their properties over time, either form may be considered restrictive. An empirical test of functional form in the short-run (quarterly) demand for four red meats is presented in this paper. For beef demand, neither a linear nor a log-linear form is appropriate. Similarly for pork and lamb demand, a linear functional form is not appropriate, but the log-linear one is. For veal demand, although data supported both function forms, a linear form is preferred when seasonal influences are accounted for.

Suggested Citation

  • Kulshreshtha, Surendra N., 1979. "Functional Form Specification In The Quarterly Demand For Red Meats In Canada," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 4(2), pages 1-10, December.
    • Handle: RePEc:ags:wjagec:32290
    DOI: 10.22004/ag.econ.32290
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    References listed on IDEAS

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    1. S. N. Kulshreshtha & A. G. Wilson, 1972. "An Open Econometric Model of the Canadian Beef Cattle Sector," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(1), pages 84-91.
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    6. P. Tryfos & N. Tryphonopoulos, 1973. "Consumer Demand for Meat in Canada," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 55(4_Part_1), pages 647-652.
    7. Samuel H. Logan & James N. Boles, 1962. "Quarterly Fluctuations in Retail Prices of Meat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 44(4), pages 1050-1060.
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    1. Smallwood, David & Blaylock, James, 1981. "Error Specification In Transformed Models," 1981 Annual Meeting, July 26-29, Clemson, South Carolina 279374, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    2. Blaylock, James R. & Smallwood, David M., 1983. "Box-Cox Transformations And Error Term Specification In Demand Models," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 8(1), pages 1-8, July.
    3. Blaylock, James R. & Salathe, Larry E. & Green, Richard D., 1980. "A Note On The Box-Cox Transformation Under Heteroskedasticity," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 5(2), pages 1-8, December.
    4. Koo, Won W. & Park, Chang J., 1988. "Econometric Analysis of Livestock Products Demand in Korea and Its Implications in the Korean Feed Grain Industry," Agricultural Economics Reports 23471, North Dakota State University, Department of Agribusiness and Applied Economics.

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