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In 2010, Libya's red meat supply stood at about 77 thousand tonnes, about 25 percent was imported. Given the insufficient levels of domestic red meat production, the government mainly relies on imported red meat to fill the gap. The objective of this study is to examine factors affecting import demand for red meat in Libya, also investigates whether there is exists a long run relationship between red meat import quantity and its major determinants by using annual data for the period 1962-2010. Based on abounds test known as Auto-Regressive Distributed Lag model (ARDL). The results of the bounds test reveal that the quantity of red meat imports and its determinants namely red meat import price, Gross Domestic Product and domestic meat production are cointegrated. The results also indicate that the demand for red meat imports is elastic with respect to import price level in the short run. However, in the long run, the price elasticity becomes greater while the income elasticity level remains less than one. Thus, this indicates that red meat imports are generally considered as necessary good.

Keywords: bounds test ; Cointegration ; Import demand ; Red meat

Subject(s): Food Consumption/Nutrition/Food Safety

International Relations/Trade

Livestock Production/Industries

Issue Date: 2013

Publication Type: Conference Paper/ Presentation

PURL Identifier: http://purl.umn.edu/160484

Total Pages: 10

Record appears in: African Association of Agricultural Economists (AAAE) > 2013 Fourth International Conference, September 22-25, 2013, Hammamet, Tunisia





Autor: Elbeydi, Khaled. R.M.

Fuente: http://ageconsearch.umn.edu/record/160484?ln=en







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