The Demand for Meat: Conditional and Unconditional Elasticities

Kyrre Rickertsen

No 198192, 1997 Occasional Paper Series No. 7 from International Association of Agricultural Economists

Abstract: The demand for meat and other foodstuffs is estimated as a part of a four-stage demand system. Correction formulae for price and expenditure elasticities are used to calculate unconditional elasticities by the use of the estimated conditional elasticities. A static specification is rejected at a 5 percent level for each sub-system and a dynamic specification is used to take account of habit formation in consumption. The unconditional own-price elasticities for beef, lamb, pork and chicken are calculated as - 0.48, --0.23, --0.66 and-1.14, respectively. The corresponding conditional elasticities are estimated to be - 0.59, --0.25, -0.78 and-1.15. The unconditional expenditure elasticities are calculated to be 0.72 for beef, 0.42 for lamb, 0.81 for pork and 1.00 for chicken. The corresponding conditional elasticities are estimated to be 0.98, 0.57, I.I I and 1.36. These results show the importance of correcting conditional elasticities before elasticities from different studies are compared or before the elasticities are used for policy purposes.

Keywords: Food Consumption/Nutrition/Food Safety; Food Security and Poverty (search for similar items in EconPapers)
Pages: 12
Date: 1997
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://ageconsearch.umn.edu/record/198192/files/a ... pers-1997-032_1_.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:iaaeo7:198192

DOI: 10.22004/ag.econ.198192

Access Statistics for this paper

More papers in 1997 Occasional Paper Series No. 7 from International Association of Agricultural Economists Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().