Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach
This study examines the impacts of NAFTA on meat demand and develops an inverse demand system model for meat to analyze price and scale flexibility. The inverse demand system model for meat products suggests that, in average, NAFTA had negative impact on the preference for beef consumption. The ava...
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| Format: | Article |
| Language: | English |
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EconJournals
2012-01-01
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| Series: | International Journal of Economics and Financial Issues |
| Online Access: | https://www.econjournals.com/index.php/ijefi/article/view/124 |
| _version_ | 1797921139258818560 |
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| author | Sooriyakumar Krishnapillai |
| author_facet | Sooriyakumar Krishnapillai |
| author_sort | Sooriyakumar Krishnapillai |
| collection | DOAJ |
| description |
This study examines the impacts of NAFTA on meat demand and develops an inverse demand system model for meat to analyze price and scale flexibility. The inverse demand system model for meat products suggests that, in average, NAFTA had negative impact on the preference for beef consumption. The availability of low quality beef and the concern over infectious disease through the imported beef might be the reasons for this decline on the preference for beef consumption. Results show that all meats are substitutes to each other and proportionate increase in all meats reduce the price for meats.
Keywords: Inverse demand system model; NAFTA; Price and Scale Flexibility
JEL Classification: Q11; Q17; D12; F13
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| first_indexed | 2024-04-10T14:11:47Z |
| format | Article |
| id | doaj.art-1f9d62378cf04a818ae52792cf744618 |
| institution | Directory Open Access Journal |
| issn | 2146-4138 |
| language | English |
| last_indexed | 2024-04-10T14:11:47Z |
| publishDate | 2012-01-01 |
| publisher | EconJournals |
| record_format | Article |
| series | International Journal of Economics and Financial Issues |
| spelling | doaj.art-1f9d62378cf04a818ae52792cf7446182023-02-15T16:09:40ZengEconJournalsInternational Journal of Economics and Financial Issues2146-41382012-01-0121Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System ApproachSooriyakumar Krishnapillai0Auburn University This study examines the impacts of NAFTA on meat demand and develops an inverse demand system model for meat to analyze price and scale flexibility. The inverse demand system model for meat products suggests that, in average, NAFTA had negative impact on the preference for beef consumption. The availability of low quality beef and the concern over infectious disease through the imported beef might be the reasons for this decline on the preference for beef consumption. Results show that all meats are substitutes to each other and proportionate increase in all meats reduce the price for meats. Keywords: Inverse demand system model; NAFTA; Price and Scale Flexibility JEL Classification: Q11; Q17; D12; F13 https://www.econjournals.com/index.php/ijefi/article/view/124 |
| spellingShingle | Sooriyakumar Krishnapillai Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach International Journal of Economics and Financial Issues |
| title | Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach |
| title_full | Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach |
| title_fullStr | Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach |
| title_full_unstemmed | Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach |
| title_short | Impact of NAFTA on the Preference for Meat Consumption in USA: An Inverse Demand System Approach |
| title_sort | impact of nafta on the preference for meat consumption in usa an inverse demand system approach |
| url | https://www.econjournals.com/index.php/ijefi/article/view/124 |
| work_keys_str_mv | AT sooriyakumarkrishnapillai impactofnaftaonthepreferenceformeatconsumptioninusaaninversedemandsystemapproach |