Kesavan, T.; Hassan, Zuhair A.; Jensen, Helen H.; Johnson, Stanley R.

Canadian Journal of Agricultural Economics Vol. 41 no. 2 (July 1993): 139-153.

 Empirical analysis, based on a general dynamic Almost Ideal Demand System, shows the commonly used autoregressive and partial adjustment processes are restrictive to meal demand data. This study derives a linear specification in levels form to investigate dynamics in a general framework. Merging a long-run steady state structure with short-run dynamics results in consistent and robust long-run demand elasticities.

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