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Dynamic adjustment in the US beef market with imports

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  • Brian L. Buhr
  • Hanho Kim

Abstract

This paper hypothesizes that while there are important qualitative differences in domestic beef and imported beef, beef and cattle imports also represent attempts by the US beef processing and wholesale sector to adjust to short‐run changes in supply and demand. Dynamic production theory is applied to the problem to test for this adjustment process, and presents a production theory approach to meat trade that has previously been included in demand functions. The results of this analysis suggest that the method used provides a reasonable and appropriate representation of the import behavior of the US processing and wholesale beef sector.

Suggested Citation

  • Brian L. Buhr & Hanho Kim, 1997. "Dynamic adjustment in the US beef market with imports," Agricultural Economics, International Association of Agricultural Economists, vol. 17(1), pages 21-34, October.
  • Handle: RePEc:bla:agecon:v:17:y:1997:i:1:p:21-34
    DOI: 10.1111/j.1574-0862.1997.tb00461.x
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    Cited by:

    1. Goldsmith, Peter D. & Salvador, Antonio & Knipe, Dar & Kendall, Elaine, 2002. "Structural Change Or Logical Incrementalism? Turbulence In The Global Meat System," 2002 Annual meeting, July 28-31, Long Beach, CA 19704, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).

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