A differential approach in analyzing meat import demand in Greece
1998
Pantzios, C. | Fousekis, P.
Meat imports have been a considerable component of Greek agricultural trade; this becomes of interest both for potential meat exporters and domestic policy makers in the context of the ongoing market globalisation. The present study utilizes the absolute version of the Rotterdam model to analise the demand for major types of imported meat in Greece, during 1961-1962. Estimates elasticities are used to decompose actual changes into price and expenditure effects; simulations of import changes, given simultaneous import price changes are also considered. Results indicate fairly elastic expenditure elasticities and highlight the importance of cross-price effects.
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