Dynamics and Long-run Structure in U.S. Meat Demand

T. Kesavan, Zuhair Hassan, Helen Jensen and Stanley Johnson

Food and Agricultural Policy Research Institute (FAPRI) Publications (archive only) from Center for Agricultural and Rural Development (CARD) at Iowa State University

Abstract: Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meat demand data. This study derives a linear specification in levels form to investigate dynamics in a general framework. Merging a long-run steady state structure with short-run dynamics results in consistent and robust long-run demand elasticities. Journal article in Canadian Journal of Agricultural Economics 41 (1993), 139-153.

Date: 1988-04
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Related works:
Journal Article: Dynamics and Long-run Structure in U.S. Meat Demand (1993)
Working Paper: Dynamics and Long-Run Structure in U.S. Meat Demand (1993)
Working Paper: Dynamics and Long-run Structure in U.S. Meat Demand (1993)
Working Paper: Dynamics and Long-run Structure in U.S. Meat Demand (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:ias:fpaper:88-wp38

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