Structural Change via Threshold Effects: Estimating U.S. Meat Demand Using Smooth Transition Functions

Nestor Rodriguez and James S. Eales

No 124366, 2012 Annual Meeting, August 12-14, 2012, Seattle, Washington from Agricultural and Applied Economics Association

Abstract: Structural change remains a contentious issue in the literature. This study focuses on analyzing structural change in consumer demand for meats, which are modeled over the past half century. A standard inverse demand model is combined with a variant of the Smooth Transition Autoregressive (STAR) model. Results indicate that structural change has occurred and that con- sumers' preferences for meat are sensitive to in ation.

Keywords: Agribusiness; Consumer/Household Economics; Demand and Price Analysis; Research Methods/Statistical Methods (search for similar items in EconPapers)
Pages: 2
Date: 2012
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea12:124366

DOI: 10.22004/ag.econ.124366

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