Evaluating the demand for meat in South Africa: an econometric estimation of short term demand elasticities
| Autor: | Marion Delport, Marlene Louw, Tracy Davids, Hester Vermeulen, Ferdi Meyer |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Economics and Econometrics
Almost ideal demand system Short run business.industry 05 social sciences Geography Planning and Development Agricultural economics Microeconomics Animal protein Agriculture 0502 economics and business Economics 050202 agricultural economics & policy 050207 economics business Agronomy and Crop Science |
| Zdroj: | Agrekon. 56:13-27 |
| ISSN: | 2078-0400 0303-1853 |
| DOI: | 10.1080/03031853.2017.1286249 |
| Popis: | The study aims to improve understanding of meat demand in South Africa through the estimation of a Linear Approximation of an Almost Ideal Demand System (LA/AIDS) for the South African meat complex which includes beef, mutton, pork and poultry. As the most widely consumed animal protein, a special focus is placed on poultry, which is disaggregated into two separate product groups, namely IQF portions and other poultry products, providing an improved understanding of demand preferences among different poultry cuts. In light of the changes that have occurred in both global agricultural markets and the South African consumer environment over the past decade, the model is estimated based on monthly data from January 2008 to September 2014, yielding short run elasticities. Expenditure elasticity estimates for IQF portions, other poultry products, pork, mutton and beef were 1.17, 1.24, 0.44, 1.07 and 0.8 respectively and the compensated own-price elasticities were estimated as −0.61, −0.43, −0.72, −0.96... |
| Databáze: | OpenAIRE |
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