A SYMMETRIC APPROACH TO CANADIAN MEAT DEMAND ESTIMATION

Variability in published meat demand elasticity estimates for Canada motivates examining the importance of dynamics and endogeneity of right-hand-side variables. Wickens and Breusch suggest a re-parameterization of dynamics which allows estimating the long-run parameters directly and maintains linearity. A symmetric approach, employing both ordinary and inverse demand systems, to endogeneity of right-hand-side variables is used. Endogeneity of both prices and quantities is examined. Results show both dynamics and endogeneity are important in quarterly Canadian meat demand.


Issue Date:
1996-12
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31021
Published in:
Journal of Agricultural and Resource Economics, Volume 21, Number 2
Page range:
368-380
Total Pages:
13




 Record created 2017-04-01, last modified 2017-08-24

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