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The Demand for Dairy Products: Structure, Prediction, and Decomposition

The Demand for Dairy Products: Structure, Prediction, and Decomposition This article presents an analysis of the demand for dairy products. First, the structure of dairy product demand is estimated using the Household Food Consumption Survey data. Under the assumption of a two‐stage budgeting procedure, a complete demand system for food incorporating demographic effects is estimated. Next, using the demand relations estimated from cross‐section data, prediction interval tests utilizing time‐series data are performed for milk and butter. Last, factors affecting consumption are classified into economic and demographic effects and a decomposition of the causes of changes in demand over time is performed. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png American Journal of Agricultural Economics Wiley

The Demand for Dairy Products: Structure, Prediction, and Decomposition

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References (15)

Publisher
Wiley
Copyright
© Agricultural and Applied Economics Association
ISSN
0002-9092
eISSN
1467-8276
DOI
10.2307/1242060
Publisher site
See Article on Publisher Site

Abstract

This article presents an analysis of the demand for dairy products. First, the structure of dairy product demand is estimated using the Household Food Consumption Survey data. Under the assumption of a two‐stage budgeting procedure, a complete demand system for food incorporating demographic effects is estimated. Next, using the demand relations estimated from cross‐section data, prediction interval tests utilizing time‐series data are performed for milk and butter. Last, factors affecting consumption are classified into economic and demographic effects and a decomposition of the causes of changes in demand over time is performed.

Journal

American Journal of Agricultural EconomicsWiley

Published: May 1, 1988

Keywords: ; ;

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