A MAIDS model of Irish meat demand
Item Type:Journal Article
Citation:Boyle, G.E. 'A MAIDS model of Irish meat demand'. - Economic & Social Review, Vol. 27, No.4, July, 1996, pp. 309-319, Dublin: Economic & Social Research Institute
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This paper estimates the demand for meats in Ireland using the newly developed Modified Almost Ideal Demand System or MAIDS model of Cooper and McLaren (1992). This model nests the Almost Ideal System as a special case and also permits a simple statistical test of neo-classical demand theory. The empirical analysis rejects the Almost Ideal model but the neo-elassical regularity conditions on consumer behaviour are not rejected. Own-price responses are highly elastic in all cases save chickenmeat which is found to be completely inelastic. Expenditure elasticties for all meats are estimated to be close to unity.
Author: Boyle, G. E.
Publisher:Economic & Social Research Institute
Type of material:Journal Article
Availability:Full text available