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Meat Demand in the US During and After the Great Recession

Author

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  • Darko, Francis Addeah
  • Eales, James S.

Abstract

Combining depth, length and breadth, the Great Recession is the worst economic downturn that the US economy has suffered since the Great Depression. Among other things, the recession reduced household income, caused significant changes in food prices and increased consumer uncertainties. These changes can potentially affect demand for such important food products as meat. Barten’s generalized demand model is used to study the demand for meat products during and after the recession. Structural change is observed in the demand for meat products in all the markets considered. The instability in the demand for the meat products is not general, but rather isolated in a subset of some demand variables. Expenditure and own-price and cross-price elasticities of demand during the recession are estimated and compared to those after the recession.

Suggested Citation

  • Darko, Francis Addeah & Eales, James S., 2013. "Meat Demand in the US During and After the Great Recession," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150146, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea13:150146
    DOI: 10.22004/ag.econ.150146
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    References listed on IDEAS

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    Cited by:

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    2. Ufer, Danielle & Countryman, Amanda M. & Muhammad, Andrew, 2020. "How important are product attributes for U.S. lamb imports?," International Food and Agribusiness Management Review, International Food and Agribusiness Management Association, vol. 23(3), August.
    3. Echeverría, Lucía & Berges, Miriam, 2015. "Households' food consumption behavior in Argentina: a quadratic demand system with demographic effects," Nülan. Deposited Documents 2315, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    4. MacLachlan, Matthew J. & Boussios, David, 2018. "Identifying the price determinants of animal products in the presence of structural breaks," 2018 Annual Meeting, August 5-7, Washington, D.C. 273974, Agricultural and Applied Economics Association.

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