The BSE crisis and the price of red meat in the UK
journal contribution
posted on 2006-05-30, 11:20authored byJohn Leeming, Paul Turner
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.
History
School
Business and Economics
Department
Economics
Pages
80652 bytes
Citation
LEEMING, J. and TURNER, P., 2004. The BSE crisis and the price of red meat in the UK. Applied Economics, 36, pp.1825-1829.