Article
Spanish
ID: <
10670/1.4hyg13>
Abstract
This investigation presents a study of supply and demand for pork in carcasses in Mexico for the period 1980 to 2005 based on the development of a market model for simultaneous equations. It was found that the main factors affecting supply are the price of the good, as well as the cost of pig feed lagging behind a period; while the price of the asset lagging behind a period and the real exchange rate have no significant effect on it. In all cases, such an offer proved to be inelastic in comparison with these variables for both the closed and the open economy periods. In relation to demand, for the period of the open economy, elasticities were found with respect to the price of goods of -0.96 and to the price of res meat of 1.45; in the case of disposable income, the elasticity was 0.55. For the closed economy period, elasticities were close to zero in all three cases.