DEMAND ANALYSIS FOR FISH IN INDONESIA

Citation
T. Kusumastanto et Cm. Jolly, DEMAND ANALYSIS FOR FISH IN INDONESIA, Applied economics, 29(1), 1997, pp. 95-100
Citations number
21
Categorie Soggetti
Economics
Journal title
ISSN journal
00036846
Volume
29
Issue
1
Year of publication
1997
Pages
95 - 100
Database
ISI
SICI code
0003-6846(1997)29:1<95:DAFFII>2.0.ZU;2-J
Abstract
The purpose of this study was to determine an aggregate demand functio n and the factors influencing the demand for fish in Indonesia during the period 1967-88. Using a Box-Cox transformation methodology, the do uble-log model was found to be appropriate for explaining the demand f or fish. Factors influencing demand were own-price, price of eggs, and per capita income. Results of static analysis showed an own-price of -0.102, a cross-price elasticity for eggs of 0.271, and an income elas ticity of 0.506. A dynamic analysis using a Houthakker-Taylor model in dicated that fish consumption depended on psychological food-buying ha bits of consumers. Short-run and long-run elasticities, resulting from a partial adjustment model, implied that per capita consumption of fi sh is growing at a slow rate.