Abstract
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 consumers' preferences for meat are sensitive to the female labor participation rate.
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More From: 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California
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