EconPapers    
Economics at your fingertips  
 

IS THE EFFICACY OF AGRICULTURAL PROMOTION PROGRAMS OVERESTIMATED? THE IMPORTANCE OF DYNAMICS IN ADVERTISING DEMAND SYSTEMS

Ryan Cardwell

No 19949, 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: This article outlines the shortcomings of current techniques to assess the effectiveness of agricultural commodity promotion campaigns; particularly their neglect of the dynamic nature of the underlying demand system. The dynamics that affect advertising effectiveness over time are illustrated, and the importance of cointegration in commodity markets is outlined. A dynamic, error-correction Almost Ideal Demand System is developed to accommodate the aforementioned dynamics and this model is applied to US meat data. Short and long-run elasticities for the dynamic model using Stone's price index are derived and estimated. The article also includes a discussion of the use of elasticities in policy decisions.

Keywords: Marketing (search for similar items in EconPapers)
Pages: 25
Date: 2004
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://ageconsearch.umn.edu/record/19949/files/sp04ca06.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea04:19949

DOI: 10.22004/ag.econ.19949

Access Statistics for this paper

More papers in 2004 Annual meeting, August 1-4, Denver, CO from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association) Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().

 
Page updated 2020-08-27
Handle: RePEc:ags:aaea04:19949