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dc.contributor.authorWong, Lucille
dc.contributor.authorSelvanathan, Eliyathamby A
dc.contributor.authorSelvanathan, Saroja
dc.date.accessioned2019-02-22T04:25:20Z
dc.date.available2019-02-22T04:25:20Z
dc.date.issued2015
dc.identifier.issn0264-9993
dc.identifier.doi10.1016/j.econmod.2015.03.002
dc.identifier.urihttp://hdl.handle.net/10072/102503
dc.description.abstractMeat plays an important role in Australia's food intake as Australians currently allocate 40% of their food expenditure on meat. This paper attempts to model the demand for the various types of meat in Australia using data from 1962 to 2011 and the system-wide approach to modelling. The paper considers a number of alternate models, verifies the validity of the demand model hypotheses and selects a preferred model using the information inaccuracy criterion. The paper then uses the preferred model to forecast meat demand in Australia under various economic policy scenarios. The results show that between 1962 and 2011, meat budget share has more than halved and that consumer taste plays a significant role in shifting the meat consumption in Australia to chicken and pork at the expense of beef and lamb. Beef is a luxury, while mutton, lamb, chicken and pork are necessities. Demand for mutton is price elastic and, beef, lamb, chicken and pork is price inelastic.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherElsevier
dc.publisher.placeNetherlands
dc.publisher.urihttps://www.sciencedirect.com/science/article/pii/S0264999315000656?via%3Dihub
dc.relation.ispartofpagefrom1
dc.relation.ispartofpageto10
dc.relation.ispartofjournalEconomic Modelling
dc.relation.ispartofvolume49
dc.subject.fieldofresearchFood sciences not elsewhere classified
dc.subject.fieldofresearchApplied economics
dc.subject.fieldofresearchEconometrics
dc.subject.fieldofresearchOther economics not elsewhere classified
dc.subject.fieldofresearchBanking, finance and investment
dc.subject.fieldofresearchConsumption and everyday life
dc.subject.fieldofresearchcode300699
dc.subject.fieldofresearchcode3801
dc.subject.fieldofresearchcode3802
dc.subject.fieldofresearchcode389999
dc.subject.fieldofresearchcode3502
dc.subject.fieldofresearchcode470203
dc.subject.keywordsConsumption patterns
dc.subject.keywordsMeat group
dc.subject.keywordsDemand theory hypotheses
dc.subject.keywordsElasticities
dc.subject.keywordsInformation inaccuracy
dc.titleModelling the meat consumption patterns in Australia
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.hasfulltextNo Full Text
gro.griffith.authorSelvanathan, Saroja
gro.griffith.authorSelvanathan, Selva A.
gro.griffith.authorWong, Lucille j.


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