AgEcon Search

AgEcon Search >
       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

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

Files in This Item:

File Description SizeFormat
jaae226.pdf814KbPDFView/Open
Recommend this item

All items in AgEcon Search are protected by copyright.

 

 

Brought to you by the University of Minnesota Department of Applied Economics and the University of Minnesota Libraries with cooperation from the Agricultural and Applied Economics Association.

All papers are in Acrobat (.pdf) format. Get Adobe Reader

Contact Us

Powered by: