A SYMMETRIC APPROACH TO CANADIAN MEAT DEMAND ESTIMATION

James S. Eales

Journal of Agricultural and Resource Economics, 1996, vol. 21, issue 2, 13

Abstract: 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.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:ags:jlaare:31021

DOI: 10.22004/ag.econ.31021

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