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| Goodwin, Barry K.; Harper, Daniel C.; Schnepf, Randall D.. |
| Fats and oils play a prominent role in U.S. dietary patterns. Recent concerns over the negative health consequences associated with fats and oils have led many to suspect structural change in demand conditions. Our analysis considers short run (monthly) demand relationships for edible fats and oils. In that monthly quantities of fats and oils are likely to be relatively fixed, an inverse almost ideal demand system specification is used. A smooth transition function is used to model a switching inverse almost ideal demand system that assesses short-run demand conditions for edible fats and oils in the United States. The results suggest that short-run demand conditions for fats and oils experienced a gradual structural shift that began in the late 1980s... |
| Tipo: Journal Article |
Palavras-chave: Fats and oils; Inverse demand system; Structural change; Q0; D1. |
| Ano: 2003 |
URL: http://purl.umn.edu/37858 |
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