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

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

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meal 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.

Date: 1993-07-01
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Citations: View citations in EconPapers (15)

Published in Canadian Journal of Agricultural Economics, July 1993, vol. 41 no. 2, pp. 139-153

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http://www2.econ.iastate.edu/papers/p3998-1993-07-01.pdf (application/pdf)

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 (1988)
Working Paper: Dynamics and Long-run Structure in U.S. Meat Demand (1988)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:635

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