Long-Run Effects of BSE on Meat Consumption
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
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: Q10 Q18 D12 (search for similar items in EconPapers)
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