Structural Change via Threshold Effects: Estimating U.S. Meat Demand Using Smooth Transition Functions

Structural change remains a contentious issue in the literature. This study focuses on analyzing structural change in consumer demand for meats, which are modeled over the past half century. A standard inverse demand model is combined with a variant of the Smooth Transition Autoregressive (STAR) model. Results indicate that structural change has occurred and that con- sumers' preferences for meat are sensitive to in ation.


Issue Date:
2012
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/124366
Total Pages:
2
Series Statement:
Poster
480




 Record created 2017-04-01, last modified 2017-04-26

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