Estimation of Demand for Meat in Korea

Won W. Koo, Seung-Ryong. Yang and Lee Chang-Buhm

Journal of Rural Development/Nongchon-Gyeongje, 1993, vol. 16, issue 01

Abstract: This study estimates the Korean meat demand, using a general switching AIDS model, and tests if the demand structure changes over time. The demand for beef, pork, chicken, and other meat products is estimated, using annual data from 1970 to 1989. The separability test suggests that fish does not have to be included in this meat demand analysis. The results indicate that structural change in meat consumption occurred between 1977 and 1989, possibly with no termination during the sample period. Significant structural changes are detected in the beef and pork demands, but not in the chicken demand. While price elasticity of beef remains inelastic before and after the structural change, demand for pork becomes less price elastic and that for chicken more elastic after the structural change.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jordng:287783

DOI: 10.22004/ag.econ.287783

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