DEMAND FOR MEAT AND FISH PRODUCTS IN KOREA



(12)           w. logqi =Yijδ logPj + βiDQ *

j=1

= Yi, log Pj + βi [log X - W ∙ A log Pj ].

j =1j =1

On the right-hand side, the real income terms in the first-differentiated LA/AIDS in

Equation (10) differs from the Rotterdam model. The differences is the use of Wj instead of wj
in the Rotterdam model in Equation (12).

Equation (10) and (12) can be combined as

n

(13)            (1- φ)Δw.log(qi) + (φwi = Yijδ log(p,) + βiDQ*,         i = 1,2,...,n .

j=1

Equation (13) is a linear combination of the LA/AIDS and the Rotterdam model. If φ = 0,
Equation (13) reduces to the Rotterdam model; if
φ = 1 , Equation (13) reduces to the first-
differentiated LA/AIDS. A test of the hypothesis that
φ = 0 can be interpreted as a test of the
hypothesis that the Rotterdam model is the correct specification.

The LA/AIDS can be tested directly as well. In the alternative compound model,

n

(14)           (1 λ )Wi + λWi log(qi ) = Yij log(p, ) + β.∆ log(X / P *)

j=1

λ = 0 implies that the LA/AIDS is correct while λ near 1 is evidence against the LA/AIDS in
the direction of the Rotterdam model.



More intriguing information

1. Human Resource Management Practices and Wage Dispersion in U.S. Establishments
2. The name is absent
3. THE WELFARE EFFECTS OF CONSUMING A CANCER PREVENTION DIET
4. Analyse des verbraucherorientierten Qualitätsurteils mittels assoziativer Verfahren am Beispiel von Schweinefleisch und Kartoffeln
5. Industrial Employment Growth in Spanish Regions - the Role Played by Size, Innovation, and Spatial Aspects
6. The name is absent
7. Restricted Export Flexibility and Risk Management with Options and Futures
8. The name is absent
9. A Rare Case Of Fallopian Tube Cancer
10. Apprenticeships in the UK: from the industrial-relation via market-led and social inclusion models