DEMAND FOR MEAT AND FISH PRODUCTS IN KOREA



Table 4. Parameter Estimates of the LA/AIDS using Quarterly Data

Hanwoo

I-Beef

Pork

Chicken

Fish

Crust.

Mollusk

Hanwoo

-0.0295

(-0.630)

I-Beef

0.0385

0.0133

(1.537)

(0.686)

Pork

-0.0065

-0.0362

0.1178

(-0.288)

(-2.623)*

(6.304)*

Chicken

-0.0094

-0.0098

-0.0279

0.0485

(-1.506)

(-2.298)*

(-6.896)*

(10.210)*

Fish

0.0103

-0.0098

-0.0258

0.0017

0.0034

(0.532)

(-0.846)

(-2.303)*

(0.444)

(0.250)

Crust.

0.0112

-0.0058

-0.0061

0.0009

-0.0017

0.0031

(2.871)*

(-2.242)*

(-2.604)*

(0.488)

(-0.713)

(2.304)*

Mollusk

-0.0146

0.0098

-0.0153

-0.0040

0.0218

-0.0016

0.0039

(-1.111)

(1.199)

(-1.847)

(-1.925)*

(3.187)*

(-1.183)

Exp.

0.0380

0.0884

0.0696

0.0013

-0.1313

0.0066

-0.0725

(0.896)

(3.067)*

(2.505)*

(1.720)

(-5.201)*

(1.427)

Spring

0.0487

0.0105

0.0033

0.0030

-0.0359

-0.0124

(3.431)*

(1.245)

(0.349)

(1.601)

(-5.016)*

(-10.584)*

Summer

0.0261

0.0118

0.0157

0.0200

-0.0538

0.0063

(1.852)

(1.424)

(1.690)

(11.387)*

(-7.882)*

(5.730)*

Fall

0.0463

0.0179

0.0024

0.0215

-0.0552

-0.0050

(3.579)*

(2.292)*

(0.268)

(13.208)*

(-8.800)*

(-4.843)*

System

Weighted

R2 = .788

* Denotes significance at the 5 percent level, and t-ratios are in the parentheses.



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