Estimation of a Composite Food Demand System for the United States

1983 ◽  
Vol 1 (4) ◽  
pp. 285 ◽  
Author(s):  
Kuo S. Huang ◽  
Richard C. Haidacher
Keyword(s):  
United States ◽  
The United States ◽  
Demand System ◽  
Food Demand

scholarly journals Meat Demand in South Korea: An Application of the Restricted Source-Differentiated Almost Ideal Demand System Model

2007 ◽  
Vol 39 (1) ◽  
pp. 47-60 ◽  
Author(s):  
Shida Rastegari Henneberry ◽  
Seong-huyk Hwang
Keyword(s):  
United States ◽  
South Korea ◽  
The United States ◽  
System Model ◽  
Demand System ◽  
Almost Ideal Demand System ◽  
The South ◽  
Meat Demand ◽  
South Korean ◽  
Meat Market

The first difference version of the restricted source-differentiated almost ideal demand system is used to estimate South Korean meat demand. The results of this study indicate that the United States has the most to gain from an increase in the size of the South Korean imported meat market in terms of its beef exports, while South Korea has the most to gain from this expansion in the pork market. Moreover, the results indicate that the United States has a competitive advantage to Australia in the South Korean beef market. Results of this study have implications for U.S. meat exports in this ever-changing policy environment.

THE DEMAND FOR LIQUID ASSETS: EVIDENCE FROM THE MINFLEX LAURENT DEMAND SYSTEM WITH CONDITIONALLY HETEROSKEDASTIC ERRORS

2018 ◽  
Vol 23 (07) ◽  
pp. 2941-2958
Author(s):  
Dongfeng Chang ◽  
Apostolos Serletis
Keyword(s):  
United States ◽  
Covariance Matrix ◽  
Financial Econometrics ◽  
The United States ◽  
Demand System ◽  
Demand Systems ◽  
Time Varying ◽  
Conditional Covariance ◽  
Demand For Money ◽  
Monetary Assets

We investigate the demand for money and the degree of substitutability among monetary assets in the United States using the generalized Leontief and the Minflex Laurent (ML) models as suggested by Serletis and Shahmoradi (2007). In doing so, we merge the demand systems literature with the recent financial econometrics literature, relaxing the homoskedasticity assumption and instead assuming that the covariance matrix of the errors of flexible demand systems is time-varying. We also pay explicit attention to theoretical regularity, treating the curvature property as a maintained hypothesis. Our findings indicate that only the curvature constrained ML model with a Baba, Engle, Kraft, and Kroner (BEKK) specification for the conditional covariance matrix is able to generate inference consistent with theoretical regularity.

scholarly journals The Effect of Trade Policy on The Position of Indonesian Coffee Market among The Major Importing Countries

2021 ◽  
Vol 232 ◽  
pp. 02030
Author(s):  
Sevi Oktafiana Fortunika ◽  
Harianto ◽  
Suharno
Keyword(s):  
United States ◽  
Trade Policy ◽  
Time Series Data ◽  
The United States ◽  
Green Bean ◽  
Demand System ◽  
Series Data ◽  
Roasted Coffee ◽  
Inferior Good ◽  
Coffee Substitute

Indonesia is the largest coffee producer in the world after Brazil, Vietnam and Colombia, but it was confronted with market problems. This paper, therefore, analysed the demand system as the position market for Indonesian coffee, either green bean or roasted coffee in the main importing countries such as Germany, Japan and The United States. The linear Approximate Almost Ideal Demand System (LA/AIDS) model was used to analyse the position of Indonesian coffee and its competitors. Time series data from 1996 to 2017 were obtained for the analysis. Empirical results indicated that most of the slope coefficients were statistically significant and in accordance with microeconomic theory. The variables of trade policy effected the Indonesian coffee trade. Indonesian green bean was found to be elastic in Germany, Japan, and The United States. Then, Indonesian roasted coffee was found to be inelastic in Japan. Indonesian green bean was a luxury good only in Germany, but Indonesian roasted coffee was an inferior good in Germany and The United States. Both Indonesian green bean and roasted coffee were a necessity in Japan. Almost Indonesian coffee substitute for Brazilian coffee and Colombian coffee, and complementary with Vietnamese coffee as its competitor.

Effects of Generic Advertising on Food Demand

2011 ◽  
pp. 694-715
Author(s):  
Harry M. Kaiser
Keyword(s):  
United States ◽  
Economic Impacts ◽  
The United States ◽  
Food Demand ◽  
Empirical Methods ◽  
Generic Advertising ◽  
On Demand ◽  
Increasing Trend ◽  
The Impact ◽  
Poor Nutrition

The purpose of this article is to examine the effects that generic advertising have on the demand for food and on nutrition in the United States. It begins with an overview of generic advertising programs in the United States. This is followed by a conceptual discussion of the economic impacts of these programs on consumers and producers. The empirical methods economists use to examine the effects of generic advertising on food demand are reviewed. This is followed by a discussion of the results of selected studies with a particular focus on demand impacts. It examines the impact of generic advertising on obesity and poor nutrition. The chapter ends with a conclusion of findings of some nutritionists and economists that have been highly critical of generic advertising, and have linked the rise in these programs to the increasing trend in obesity in the United States.

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