Estimating Inverse Demand System of Diary Products: An Approach to Forecast the Prices

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MIRZAEI ABBAS; ESMAEILI ABDOLKARIM

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ISSN: 2588-4824

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Journal: Iranian Journal of Agricultural Economics and Development Research Year:2016 | Volume:46-2 | Issue:4 Page(s): 707-717

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Title

Estimating Inverse Demand System of Diary Products: An Approach to Forecast the Prices

Author(s)

MIRZAEI ABBAS | ESMAEILI ABDOLKARIM | Issue Writer Certificate

Keywords

Dairy ProductsQ2

Inverse Demand SystemQ2

ForecastQ2

Abstract

Controlling the price of Dairy Products is very important for policymakers due to the key rule of these products in nutrition and public health. Therefore, the present study was performed to Forecast and analyze price of Dairy Products. Inverse Almost Ideal Demand System (IAIDS) was selected in order to Forecast the price of three products of Dairy Products including milk, cheese and yogurt, for time period 1370-1390, and was estimated by seemingly unrelated regression method. The result showed that milk has the least self amount flexibility (-. 06). Also, a weak substitution relationship was found among Dairy Products. According to result, the price of milk in comparison with other Dairy Products is less affected by the amounts of Dairy Products in market. So, it is suggested that the government reduce monopoly power of dairy companies by establishing the laws, in order to influence milk price from market. Then, with allocating the subsidies to producers, they manage the amount and the price of milk in the market.

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APA: Copy

MIRZAEI, ABBAS, & ESMAEILI, ABDOLKARIM. (2016). Estimating Inverse Demand System of Diary Products: An Approach to Forecast the Prices. IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH, 46-2(4 ), 707-717. SID. https://sid.ir/paper/146455/en

Vancouver: Copy

MIRZAEI ABBAS, ESMAEILI ABDOLKARIM. Estimating Inverse Demand System of Diary Products: An Approach to Forecast the Prices. IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH[Internet]. 2016;46-2(4 ):707-717. Available from: https://sid.ir/paper/146455/en

IEEE: Copy

ABBAS MIRZAEI, and ABDOLKARIM ESMAEILI, “Estimating Inverse Demand System of Diary Products: An Approach to Forecast the Prices,” IRANIAN JOURNAL OF AGRICUTURAL ECONOMICS AND DEVELOPMENT RESEARCH, vol. 46-2, no. 4 , pp. 707–717, 2016, [Online]. Available: https://sid.ir/paper/146455/en

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