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System misspecification testing and structural change in the demand for meats

by Alwang, J , Driscoll, P , McGuirk, A. (Virginia Tech.) , Huang, H

in ALMOST IDEAL DEMAND SYSTEM / Autocorrelation / BEEF / CAMBIO ESTRUCTURAL / CARNE DE CERDO / CARNE DE POLLO / CARNE DE RES / CHANGEMENT STRUCTUREL / CHICKEN MEAT / Cholesterols / DEMAND FUNCTIONS / econometric modeling / ECONOMETRIC MODELS / Economic models / ETATS UNIS / EUA / FONCTION DE DEMANDE / FUNCIONES DE LA DEMANDA / LINEAR MODELS / LITERATURE REVIEWS / Mathematical independent variables / Meats / METHODE STATISTIQUE / METODOS ESTADISTICOS / misspecification testing / MODELE ECONOMETRIQUE / MODELE LINEAIRE / MODELOS ECONOMETRICOS / MODELOS LINEALES / MULTIEQUATION LINEAR REGRESSION MODEL / MULTIPLE REGRESSION / Parametric models / PORK / regression diagnostics / Static modeling / STATISTICAL METHODS / Statistical models / STRUCTURAL CHANGE / SYSTEMS APPROACH / systems of equations / United States / USA / VIANDE BOVINE / VIANDE DE POULET / VIANDE PORCINE

1995

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System misspecification testing and structural change in the demand for meats

by Alwang, J , Driscoll, P , McGuirk, A. (Virginia Tech.) , Huang, H

1995

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System misspecification testing and structural change in the demand for meats

by Alwang, J , Driscoll, P , McGuirk, A. (Virginia Tech.) , Huang, H

1995

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Journal Article

System misspecification testing and structural change in the demand for meats

Alwang, J,

Driscoll, P,

McGuirk, A. (Virginia Tech.),

Huang, H

1995

Overview

A misspecification testing strategy designed to ensure that the statistical assumptions underlying a system of equations are appropriate is outlined. The system tests take into account information in, and interactions between, all equations in the system and can be used in a wide variety of applications where systems of equations are estimated. The system testing approach is demonstrated by modeling U.S. consumer demand for meats. The example illustrates how the approach can be used to disentangle issues regarding structural change and other forms of model misspecification.

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Publisher

Western Agricultural Economics Association

Subject

ALMOST IDEAL DEMAND SYSTEM

/ BEEF