|
|
Analysis of meat demand in the Czech Republic
Dlasková, Karolína ; Ščasný, Milan (advisor) ; Polák, Petr (referee)
Meat and meat products form the highest share of Czech household expenditures for food. This thesis offers a complex view on the Czech meat market and studies in detail the determinants of meat demand. A review of the most frequently used demand models is included, from which the least squares log-log model is used for empirical analysis. The core of this thesis is the estimation of price and income elasticities of demand for various types of meat based on statistical data of household accounts from the years 2000 - 2012. The estimates are, with the exception of the price elasticity for beef, which equals 0.13, consistent with previous studies. Within the examined period, households manifest unitary income elasticity and own price elasticity of demand for meat equal to -1.2. The temporal evolution of elasticities varies for different types of meat. Important socio-demographical aspects influencing the demand for meat, such as age, education, whether the household is led by a female, and others, are also analysed.
|
|
|
Comparison of coherent demand systems: The case of meat demand in the Czech Republic
Dlasková, Karolína ; Ščasný, Milan (advisor) ; Mikolášek, Jakub (referee)
There are many models used to estimate demand elasticities. We present a complex review of these studies in our thesis. Our empirical goal is to compare LES, Translog and QUAIDS demand systems according to their performance. In parallel, we estimate the elasticities of meat demand in the Czech Republic for the period 2010 - 2015 using the data of the household budget survey. Comparing the systems by the Akaike and Schwarz criterion, LES demonstrates the best fit for this kind of data. The average of price elasticity for different kinds of meat in the examined period is -0.99, income elasticity then equals to 1.12. These results can have important implications for tax policy, or for commercial use. JEL Classification F12, F21, F23, H25, H71, H87 Keywords Demand, comparison, LES, Translog, QUAIDS, meat Author's e-mail 55606678@fsv.cuni.cz Supervisor's e-mail milan.scasny@czp.cuni.cz
|
|
|
Analysis of meat demand in the Czech Republic
Dlasková, Karolína ; Ščasný, Milan (advisor) ; Polák, Petr (referee)
Meat and meat products form the highest share of Czech household expenditures for food. This thesis offers a complex view on the Czech meat market and studies in detail the determinants of meat demand. A review of the most frequently used demand models is included, from which the least squares log-log model is used for empirical analysis. The core of this thesis is the estimation of price and income elasticities of demand for various types of meat based on statistical data of household accounts from the years 2000 - 2012. The estimates are, with the exception of the price elasticity for beef, which equals 0.13, consistent with previous studies. Within the examined period, households manifest unitary income elasticity and own price elasticity of demand for meat equal to -1.2. The temporal evolution of elasticities varies for different types of meat. Important socio-demographical aspects influencing the demand for meat, such as age, education, whether the household is led by a female, and others, are also analysed.
|
|
|
Comparison of coherent demand systems: The case of meat demand in the Czech Republic
Dlasková, Karolína ; Ščasný, Milan (advisor) ; Mikolášek, Jakub (referee)
There are many models used to estimate demand elasticities. We present a complex review of these studies in our thesis. Our empirical goal is to compare LES, Translog and QUAIDS demand systems according to their performance. In parallel, we estimate the elasticities of meat demand in the Czech Republic for the period 2010 - 2015 using the data of the household budget survey. Comparing the systems by the Akaike and Schwarz criterion, LES demonstrates the best fit for this kind of data. The average of price elasticity for different kinds of meat in the examined period is -0.99, income elasticity then equals to 1.12. These results can have important implications for tax policy, or for commercial use. JEL Classification F12, F21, F23, H25, H71, H87 Keywords Demand, comparison, LES, Translog, QUAIDS, meat Author's e-mail 55606678@fsv.cuni.cz Supervisor's e-mail milan.scasny@czp.cuni.cz
|
guest ::
RSS feed.