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Journal of Agricultural and Applied Economics >
Volume 41, Number 03, December 2009 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/56660
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| Title: | An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model |
| Authors: | Muhammad, Andrew
Jones, Keithly G. |
| Keywords: | catfish
demand
dynamics
partial adjustment
Rotterdam model |
| JEL Codes: | C51
Q11
Q13
Q17 |
| Issue Date: | 2009-12 |
| Abstract: | The generalized dynamic Rotterdam model was used in estimating U.S. demand for disaggregated
catfish. The overall goal was to examine habit persistence in consumption and to
determine the adjustment process in demand. Results indicated that it took up to 1 month for
catfish-product demand to fully adjust to changes in expenditures and prices. Additionally,
habit persistence played a role in demand where present consumption of a given product was
positively affected by past consumption of that product. Consequently, U.S. catfish demand
was significantly more elastic in the long-run. |
| URI: | http://purl.umn.edu/56660 |
| Institution/Association: | Journal of Agricultural and Applied Economics>Volume 41, Number 03, December 2009 |
| Total Pages: | 14 |
| From Page: | 746 |
| To Page: | 759 |
| Collections: | Volume 41, Number 03, December 2009
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| jaae226.pdf | | 814Kb | PDF | View/Open |
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