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  • 标题:MODELING STRUCTURAL CHANGE IN FRENCH BEEF, POULTRY, AND FISH DEMAND: A MARKOV SWITCHING AIDS MODEL
  • 本地全文:下载
  • 作者:Allais, Olivier ; Nichele, Veronique
  • 期刊名称:Journal of Agribusiness
  • 印刷版ISSN:0738-8950
  • 出版年度:2004
  • 期号:suppl
  • 出版社:Journal of Agribusiness
  • 摘要:Structural change in the French demand of beef, poultry and fish is originally investigated. Rather than applying the traditional switching AIDS (S-AIDS) model, we reconsider the analysis of structural change through the Markov switching AIDS (MS-AIDS). The main feature of this model is that the switching mechanism is controlled by an unobserved variable that follows a Markov chain. As such, it captures more complex dynamic patterns than does the S-AIDS model. The MS-AIDS and the S-AIDS are compared to determine which model provides the better explanation of beef, poultry, and fish dynamic demand. We find that a MS-AIDS displaying habit formation detects the two mad cow crises in 1996 and 2000 and may identify the structural changes emanating from nutritional recommendations.
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