DYNAMICS AND LONG-RUN STRUCTURE IN UNITED-STATES MEAT DEMAND

Authors
KESAVAN T HASSAN ZA JENSEN HH JOHNSON SR
Citation
T. Kesavan et al., DYNAMICS AND LONG-RUN STRUCTURE IN UNITED-STATES MEAT DEMAND, Canadian journal of agricultural economics, 41(2), 1993, pp. 139-153
Citations number
36
Categorie Soggetti
Economics,"AgricultureEconomics & Policy
Journal title
Canadian journal of agricultural economics → ACNP
ISSN journal
00083976
Volume
41
Issue
2
Year of publication
1993
Pages
139 - 153
Database
ISI
SICI code
0008-3976(1993)41:2<139:DALSIU>2.0.ZU;2-U
Abstract
Empirical analysis, based on a general dynamic Almost Ideal Demand Sys tem, shows the commonly used autoregressive and partial adjustment pro cesses are restrictive to meat demand data. This study derives a linea r specification in levels form to investigate dynamics in a general fr amework. Merging a long-run steady state structure with short-run dyna mics results in consistent and robust long-run demand elasticities.