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The BSE crisis and the price of red meat in the UK
journal contributionposted on 30.05.2006 by John Leeming, Paul Turner
Any type of content formally published in an academic journal, usually following a peer-review process.
This paper presents estimates of price functions for beef, lamb and pork for the UK economy which allow for the effects of the 1996 BSE crisis. The estimates illustrate the importance of allowing for the joint endogeneity of prices in these markets. This shown that the effects of this crisis had a significant negative effect on the price of beef and a positive and significant effect on the price of lamb. However, there appears to have been little effect on the price of pork.
- Business and Economics