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Estimating Cross Elasticities Of Demand For Beef

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  • Wohlgenant, Michael K.

Abstract

This paper examines the extent to which observed changes in per capita beef consumption can be accounted for by changes in relative prices and per capita real income. Particular attention was given to specifying the functional form by focusing on the nature of demand shifts over time. These considerations led to selection of the Fourier flexible form with a Fourier series expansion in relative meat prices. The results support the hypothesis that recent shifts in demand for beef can be attributed to changes in relative prices of competing meats, especially poultry.

Suggested Citation

  • Wohlgenant, Michael K., 1985. "Estimating Cross Elasticities Of Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 10(2), pages 1-8, December.
    • Handle: RePEc:ags:wjagec:32309
    DOI: 10.22004/ag.econ.32309
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    References listed on IDEAS

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    1. Moschini, GianCarlo & Meilke, Karl D., 1984. "Parameter Stability And The U.S. Demand For Beef," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 9(2), pages 1-12, December.
    2. Gallant, A. Ronald, 1981. "On the bias in flexible functional forms and an essentially unbiased form : The fourier flexible form," Journal of Econometrics, Elsevier, vol. 15(2), pages 211-245, February.
    3. Jean-Paul Chavas, 1983. "Structural Change in the Demand for Meat," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 65(1), pages 148-153.
    4. Fisher, Franklin M, 1970. "Tests of Equality Between Sets of Coefficients in Two Linear Regressions: An Expository Note," Econometrica, Econometric Society, vol. 38(2), pages 361-366, March.
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    Citations

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    Cited by:

    1. Goodwin, Barry K., 1992. "Forecasting Cattle Prices in the Presence of Structural Change," Journal of Agricultural and Applied Economics, Cambridge University Press, vol. 24(2), pages 11-22, December.
    2. Zaman, Nadeem Uz & Marri, Sohrab Khan, 2011. "Determinants of increased real prices of livestock in Balochistan," MPRA Paper 32608, University Library of Munich, Germany.
    3. Eales, James & Veeman, Michele & Fulton, Joan, 1993. "Canadian Demand for Meats," Project Report Series 232377, University of Alberta, Department of Resource Economics and Environmental Sociology.
    4. Yen, Steven T. & Huang, Chung L., 2002. "Cross-Sectional Estimation Of U.S. Demand For Beef Products: A Censored System Approach," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 27(2), pages 1-15, December.
    5. James S. Eales & Laurian J. Unnevehr, 1988. "Demand for Beef and Chicken Products: Separability and Structural Change," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 70(3), pages 521-532.
    6. Poray, Michael C. & Foster, Kenneth A. & Dorfman, Jeffrey H., 2000. "Measuring An Almost Ideal Demand System With Generalized Flexible Least Squares," 2000 Annual meeting, July 30-August 2, Tampa, FL 21796, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Hsu, Jane Lu, 2000. "Gradual Switching Structural Changes of Meat Consumption in Taiwan," 2000 Conference (44th), January 23-25, 2000, Sydney, Australia 123663, Australian Agricultural and Resource Economics Society.
    8. Unknown, 1990. "Structural Change in Livestock: Causes, Implications, Alternatives," Research Institute on Livestock Pricing 232728, Virginia Polytechnic Institute and State University, Department of Agricultural and Applied Economics.
    9. Lambert, David, 1991. "The Role of Habit Formation in the Demand for Meat," WAEA/ WFEA Conference Archive (1929-1995) 321428, Western Agricultural Economics Association.
    10. Moschini, Giancarlo, 1991. "Testing for Preference Change in Consumer Demand: An Indirectly Separable, Semiparametric Model," Journal of Business & Economic Statistics, American Statistical Association, vol. 9(1), pages 111-117, January.
    11. R. W. Ward & C. Lambert, 1993. "Generic Promotion Of Beef: Measuring The Impact Of The Us Beef Checkoff," Journal of Agricultural Economics, Wiley Blackwell, vol. 44(3), pages 456-465, September.
    12. Cox, Thomas L. & Chavas, Jean-Paul, 1989. "A Nonparametric Analysis of the Structure and Stability of Preferences: U.S. Food Consumption 1964-1983," Staff Papers 200472, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    13. Pingetzer, Robert L. & Menkhaus, Dale J. & Whipple, Glen D. & Field, Ray A., 1989. "The Influence of Selected Product and Demographic Characteristics on Beef Purchasing Patterns," WAEA/ WFEA Conference Archive (1929-1995) 245042, Western Agricultural Economics Association.
    14. Buse, Rueben C. & Cox, Thomas L., 1986. "The Changing Structure of Food Demand: Some New Evidence," Staff Papers 200440, University of Wisconsin-Madison, Department of Agricultural and Applied Economics.
    15. Buse, Rueben C. & Cox, Thomas L., 1986. "A Conceptual Model For Analyzing The Changing Structure Of Food Demand," 1986 Annual Meeting, July 27-30, Reno, Nevada 278485, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    16. Richards, Timothy J. & Kagan, Albert & Gao, Xiaoming, 1997. "Factors Influencing Changes In Potato And Potato Substitute Demand," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), pages 1-15, April.

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