The Demand for Livestock by the U.S. Meat Processing Industry
The Demand for Livestock by the U.S. Meat Processing Industry
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美国肉类加工业对牲畜的需求
DOI:
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发表时间:
2006
期刊:
影响因子:
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通讯作者:
M. Wohlgenant
中科院分区:
文献类型:
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作者:
Tullaya Boonsaeng;M. Wohlgenant
This paper studies the demand of domestic and imported livestock by the U.S. meat processing industry. Two types of meats are analyzed: slaughter cattle and hogs. Static and dynamic inverse input demand models are estimated. The static inversed input demand model performed better than the dynamic inversed input demand models. Calculated own price elasticities (flexibilities) and cross price elasticities (flexibilities) indicate that the demand for imported livestock by the meat processing industry is very sensitive to the change in the domestic price for livestock. The demand of domestic slaughter livestock is less sensitive to the change in imported livestock prices.