Browsing by Subject "LA-AIDS"

This paper focuses on meat consumption patterns in Finland. Empirical analysis for this paper was based on the micro data of three Household Budget Surveys: 1998, 2006 and 2012. A censored linear approximation of the almost ideal demand system (LA-AIDS) model was employed in the study. The major outcomes of the study were the demand expenditure and price elasticities that were obtained from the parameter estimates of five different meat products. Since the data lacked price information, unit values were used as a price substitutes, which gave some insights into quality-quantity upgrading. According to the results, pork expenditure was elastic and thus was luxury good during the study period, whereas ruminant meat and poultry were luxuries only in 2000s. In addition, the price of a good, household size, and income had a large influence on meat consumption. Additionally, other factors (such as age) affected the portion of the budget that was allocated to meat products. In order to obtain more information relating to the food sector, further research concerning disaggregate demand would be needed.