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A Quaids Model Of Japanese Meat Demand

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  • Xi, Jing
  • Mittelhammer, Ronald C.
  • Heckelei, Thomas

Abstract

This paper makes a contribution to the application of nonlinear simultaneous equations estimation and nonparametric Bootstrapping techniques. The nonlinear demand model estimation work in this paper is in the context of the newly developed Quadratic Almost Ideal Demand System (QUAIDS) model, and provides substantive results in terms of both model estimation technique and empirical economic findings. For the first time, bootstrapping is used in this highly nonlinear modeling environment to estimate variability in demand model parameter estimates and associated demand elasticities. The application relates to Japanese consumer behavior relative to Wagyu Beef, Imported Beef, Pork, Chicken, and Fish demand, and the empirical results are highly relevant to U.S. exporters. The paper provides evidence of the substantially increased flexibility of the new model of consumer demand, and also illustrates the utility of using bootstrapping, as opposed to relying only on derivative based asymptotic approximations, for assessing the reliability of estimated results.

Suggested Citation

  • Xi, Jing & Mittelhammer, Ronald C. & Heckelei, Thomas, 2004. "A Quaids Model Of Japanese Meat Demand," 2004 Annual meeting, August 1-4, Denver, CO 20120, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea04:20120
    DOI: 10.22004/ag.econ.20120
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    Cited by:

    1. Rudrani Bhattacharya & Abhijit Sen Gupta, 2017. "What Role Did Rising Demand Play in Driving Food Prices Up?," South Asian Journal of Macroeconomics and Public Finance, , vol. 6(1), pages 59-81, June.
    2. Obisesan, Adekemi, 2021. "Households’ Demand for Fruits and Vegetables in Nigeria: Panel QUAIDS Approach," 2021 Conference, August 17-31, 2021, Virtual 315858, International Association of Agricultural Economists.
    3. Wang, Hainan & Mittelhammer, Ronald C. & McCluskey, Jill J. & Bai, Junfei, 2011. "Food Processing Degrees: Evidence from Beijing Household Survey," 2011 Annual Meeting, July 24-26, 2011, Pittsburgh, Pennsylvania 103963, Agricultural and Applied Economics Association.

    More about this item

    Keywords

    Demand and Price Analysis;

    Statistics

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