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A Microeconometric Analysis of the U.S. Meat Demand
Author(s) -
Gao X. M.,
Spreen Thomas
Publication year - 1994
Publication title -
canadian journal of agricultural economics/revue canadienne d'agroeconomie
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.505
H-Index - 37
eISSN - 1744-7976
pISSN - 0008-3976
DOI - 10.1111/j.1744-7976.1994.tb00033.x
Subject(s) - consumption (sociology) , economics , speculation , agricultural economics , consumer expenditure survey , consumer demand , descriptive statistics , econometric model , revealed preference , urbanization , household income , demographic economics , geography , public economics , econometrics , microeconomics , economic growth , statistics , social science , sociology , mathematics , aggregate expenditure , archaeology , macroeconomics
Price and expenditure elasticities and estimates of the effect of household demographic variables on U.S. meat demand are estimated using the newly released 1987–88 USDA household food consumption survey data. The USDA survey for the first time included variables reflecting respondents' concerns for health and diet information. A hybrid demand system, which combines a modified generalized addilog system and a level version Rotterdam demand system, is developed as the analytical framework. The micro econometric analysis takes into consideration the consumer selection problem, the missing‐price problem, and the aggregation and quality variation problem. The most significant household characteristic and socio‐economic variables are region, ethnic background, household size, urbanization, food planner, received health information, female household head employment status and proportion of food expenditure on away‐from‐home consumption. The results support the speculation of other time‐series meat demand studies claiming both health concerns and convenience are the reasons for changes in consumer preference in favor of poultry and fish and in disfavor of red meat.