A COMPARISON OF DEMANDS FOR MEAT PRODUCTS IN THE PACIFIC RIM REGION

The Rotterdam model is used to obtain estimates of demand parameters for meat products in Taiwan, South Korea, and Japan. Unlike most previous studies of demand systems, the model takes into account simultaneous-equation bias which arises due to the endogeneity of total expenditure. Beef, pork, and chicken are separable from marine products for each Pacific Rim country. However, demand elasticities for beef, pork, and chicken are different among the various Pacific Rim nations. One may not then use the elasticity estimates of a particular country and apply them to other Pacific Rim markets.


Issue Date:
1994-07
Publication Type:
Journal Article
PURL Identifier:
http://purl.umn.edu/31223
Published in:
Journal of Agricultural and Resource Economics, Volume 19, Number 1
Page range:
210-224
Total Pages:
15




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

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