Long-Run Effects of BSE on Meat Consumption

Adam Bialowas, Lisa Farrell (), Mark Harris and Cain Polidano ()

No 13/07, Monash Econometrics and Business Statistics Working Papers from Monash University, Department of Econometrics and Business Statistics

Abstract: This paper considers the long-run effects of BSE on meat consumption in the United Kingdom using data from the Expenditure and Food Survey. We estimate a dynamic AIDS demand system of household food consumption, with long-run effects captured via an adstock index of adverse media coverage. The results suggest that there are long-run impacts on meat consumption that extend well beyond the period of the scare. In addition, press articles with pictures have a greater, and more long-lasting effect, on long-run consumption than articles with words alone.

Keywords: Food health scares; Adstock; BSE; demand systems; meat demand (search for similar items in EconPapers)
JEL-codes: D12 Q10 Q18 (search for similar items in EconPapers)
Pages: 24 pages
Date: 2007-10
New Economics Papers: this item is included in nep-agr
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