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THE SHORT‐RUN IMPACT OF BEEF IMPORTS ON U.S. MEAT PRICES
Author(s) -
Houck James P.
Publication year - 1974
Publication title -
australian journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.683
H-Index - 49
eISSN - 1467-8489
pISSN - 0004-9395
DOI - 10.1111/j.1467-8489.1974.tb00128.x
Subject(s) - economics , price elasticity of demand , agricultural economics , index (typography) , econometrics , microeconomics , world wide web , computer science
This paper contains short‐run estimates of the impact of beef imports from Australia and elsewhere on U.S. retail meat prices. The U.S. beef demand is separated into two categories, table cuts and processed items. Estimates of direct and cross price elasticities of demand for these products are used together with elasticity estimates for other meats and other foods to assess the effect of imports on prices and upon various portions of the Consumer Price Index.