Abstract
This paper provides a description of the meat situation in Greece and estimates of meat demand parameters. The latter were estimated for four categories of meats (beef-veal, pork, lamb-goat and poultry) which account for over 90 percent of total meat expenditures. The AIDS model was used as the vehicle of estimation. The econometric method involved the application of correlation corrected non-linear seemingly unrelated regressions. The results are satisfactory and agree with prior excpectations and economic theory. Demand elasticity estimates indicate that meat demand is income elastic and price inelastic.
This paper is partly based on the M.Sc. thesis of Mr. P. Drakos, entitled “The demand for meat in Greece: A comparison of alternative demand systems”, carried out at the Mediterranean Agronomic Institute of Chania under the supervision of Dr. M. Demoussis.
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Demoussis, M., Drakos, P. (1995). Characteristics of Meat Demand in Greece. In: Janssen, J., Skiadas, C.H., Zopounidis, C. (eds) Advances in Stochastic Modelling and Data Analysis. Springer, Dordrecht. https://doi.org/10.1007/978-94-017-0663-6_9
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DOI: https://doi.org/10.1007/978-94-017-0663-6_9
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