Open AccessModelling the Demand of Fresh Meat by Households in Malaysia
Author(s) -
Nordiana Marjan Rusli,
Assis Kamu
Publication year - 2020
Publication title -
asm science journal
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.12
H-Index - 6
eISSN - 2682-8901
pISSN - 1823-6782
DOI - 10.32802/asmscj.2020.sm26(1.13
Subject(s) - almost ideal demand system , price elasticity of demand , elasticity (physics) , economics , agricultural economics , consumption (sociology) , preference , business , econometrics , microeconomics , production (economics) , social science , materials science , sociology , composite material
There have been some changes in Malaysians’ food preference as Malaysia is one of the most developing countries in Asia. These changes in consumption pattern have some impact on the agriculturally based food industry. One of the changes is in the preference for fresh meat such as poultry, beef, mutton, and other meat. This study is focusing on demand elasticity of fresh meat by households in Malaysia. This study has obtained demand elasticity of fresh meat via Linear Approximate Almost Ideal Demand System (LA-AIDS). Data from the Household Expenditure Survey (HES) 2014 has been used to build a statistical model in estimating the demand elasticity. Keywords: demand elasticity; Linear Approximate Almost Ideal Demand (LA-AIDS); Household Expenditure Survey (HES) 2014