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

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.

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Year of publication:	1993-07-01
Authors:	Kesavan, T. ; Hassan, Zuhair A. ; Jensen, Helen H. ; Johnson, Stanley R.
Institutions:	Department of Economics, Iowa State University

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Extent:	application/pdf
Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Published in Canadian Journal of Agricultural Economics, July 1993, vol. 41 no. 2, pp. 139-153
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008559919