Premium
Estimating preference change in meat demand in Saudi Arabia
Author(s) -
AlKahtani Safer H.,
Sofian Badr Eldin E.
Publication year - 1995
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.1995.tb00353.x
Subject(s) - kalman filter , preference , econometrics , red meat , demand curve , covariance , statistics , economics , mathematics , agricultural economics , food science , microeconomics , chemistry
The purpose of this paper is to investigate the preference change in the demand for meat subject to random coefficients in Saudi Arabia. A Fortran 77 program has been designed to estimate the demand function for meat using Kalman filtering techniques and maximum likelihood approach. The initial values of the coefficient and covariance estimates are an essential prior information in the Kalman filtering techniques. Results provide substantial random coefficients in red meat, implying important structural change occurs in red meat more than poultry and fish demand.