Estimating the income and substitution effects on the demand for poultry meat

Zainalabidin Mohamed, . and Roslan Abdul Ghaffar, . Estimating the income and substitution effects on the demand for poultry meat. pp. 119-123. ISSN 0126-6128

This study attempts to analyse the factors underlying the demand and consumption trends of poultry meat in Malaysia. Specifically it explores the poultry meat consumption due to changes in prices and income and the interaction in demand between poultry meat and the components of the rest of the meat market. To obtain the parameters of the demand model for poultry meat two estimation techniques were used in estimating the demand model namely single and instrumental variables approach while Slutsky equations were utilized to estimate the income and substitution effects of poultry meat with the other components of the meat market. The results indicate that poultry meat is a normal good while both beef and pork are substitutes to poultry meat. However mixed results were obtained for poultry meat and fish. Based on the magnitude of the substitution effect and cross price elasticity it is concluded that the demand for fish is independent of the other components of the meat market.

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Abstract

This study attempts to analyse the factors underlying the demand and consumption trends of poultry meat in Malaysia. Specifically it explores the poultry meat consumption due to changes in prices and income and the interaction in demand between poultry meat and the components of the rest of the meat market. To obtain the parameters of the demand model for poultry meat two estimation techniques were used in estimating the demand model namely single and instrumental variables approach while Slutsky equations were utilized to estimate the income and substitution effects of poultry meat with the other components of the meat market. The results indicate that poultry meat is a normal good while both beef and pork are substitutes to poultry meat. However mixed results were obtained for poultry meat and fish. Based on the magnitude of the substitution effect and cross price elasticity it is concluded that the demand for fish is independent of the other components of the meat market.

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Item Type:	Article
Additional Information:	2 tables; 12 ref. Summary (En Malay)
AGROVOC Term:	CARNE DE AVES
AGROVOC Term:	MODELOS
AGROVOC Term:	MALASIA/ FUNCIONES DE LA DEMANDA
AGROVOC Term:	FUNCIONES DEL CONSUMO
Depositing User:	Ms. Norfaezah Khomsan
Last Modified:	24 Apr 2025 05:55
URI:	http://webagris.upm.edu.my/id/eprint/19742

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