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Meat Demand in the UK: A Differential Approach

Published online by Cambridge University Press:  28 April 2015

Panos Fousekis  and
Brian J. Revell
Panos Fousekis
Affiliation:
Department of Agricultural Economics at the, Agricultural University of Athens, Greece
Brian J. Revell
Affiliation:
Agricultural and Food Economics and Dean of the School of Management at, Harper Adams University College in the UK
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Abstract

A differential approach is employed to analyze demand for meat in the United Kingdom during 1989-99. Differential demand systems with fixed price effects (Rotterdam and CBS) better explain consumers' retail purchase allocation decisions for beef, lamb, pork, bacon and poultry compared with models containing variable price effects (NBR and differential AIDS). The real expenditure and the Hicksian demand elasticities are generally found to be quite different from earlier studies using AIDS models. A quality change index of meat consumption is constructed from the estimated CBS model estimation results and decomposed into real expenditure, substitution, trend, seasonal and residual effects.

Keywords

Meat demanddifferential approachmodel selectionUK
Type
Articles
Information
Journal of Agricultural and Applied Economics , Volume 32 , Issue 1 , April 2000 , pp. 11 - 19
Copyright
Copyright © Southern Agricultural Economics Association 2000

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