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A Comparison of Demands for Meat Products in the Pacific Rim Region

Year: 1994

Type: article

Abstract: 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.

Source: RePEc: Research Papers in Economics

DOI: 10.22004/ag.econ.31223

Authors: Capps, Oral, Tsai, Reyfong, Kirby, Raymond, Williams, Gary W.

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W1527778087

FWCI: 11.71

Cites: 17

Cited by: 56

Related to: 10