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Beef Supply Response Under Uncertainty: An Autoregressive Distributed Lag Model AgEcon
Mbaga, Msafiri Daudi; Coyle, Barry T..
This is the first econometric study of dynamic beef supply response to incorporate risk aversion or, more specifically, price variance. Autoregressive distributed lag (ADL) models are estimated for cow-calf and feedlot operations using aggregate data for Alberta. In all cases, output price variance has a negative impact on output supply and investment. Moreover, the impacts of expected price on supply response are greater in magnitude and significance than in risk-neutral models.
Tipo: Journal Article Palavras-chave: Autoregressive distributed lag model; Beef supply response; Dynamics; Uncertainty; Agribusiness.
Ano: 2003 URL: http://purl.umn.edu/31068
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The Estimation of Food Demand Elasticities in Canada AgEcon
Pomboza, Ruth; Mbaga, Msafiri Daudi.
Changing consumer and market demands is an important driver behind the challenges and opportunities that are facing the agriculture and agri-food sector in Canada and that will influence the sector's profitability and competitiveness in the future. It is therefore important to understand developments in the consumer demand for agriculture and agri-food products. The report provides updated demand elasticities for fourteen food groups in Canada. The estimates are useful for conducting analysis of the changing structure of the agriculture and agri-food sector and can help quantify the impacts that changes in economic variables and policies that impact those economic variables might have.
Tipo: Report Palavras-chave: Food; Demand; Demand analysis; Elasticities; Price elasticities; Cross price elasticities; Income elasticities; Price; Econometric; Modelling; Agribusiness; Agricultural and Food Policy; Consumer/Household Economics; Crop Production/Industries; Demand and Price Analysis; Financial Economics; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Health Economics and Policy; Labor and Human Capital; Land Economics/Use; Livestock Production/Industries; Marketing; Production Economics; Public Economics.
Ano: 2007 URL: http://purl.umn.edu/52705
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