Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meat demand data. This study derives a linear specification in levels form to investigate dynamics in a general framework. Merging a long-run steady state structure with short-run dynamics results in consistent and robust long-run demand elasticities.
Journal article in Canadian Journal of Agricultural Economics 41 (1993), 139-153
Kesavan, Thulasiram; Hassan, Zuhair A.; Jensen, Helen H.; and Johnson, Stanley R., "Dynamics and Long-run Structure in U.S. Meat Demand" (1988). CARD Working Papers. 57.