A structural time series approach to modelling multiple and resurgent meat scares in ItalyMazzocchi, M., Delle Monache, D. and Lobb, A. E. (2006) A structural time series approach to modelling multiple and resurgent meat scares in Italy. Applied Economics, 38 (14). pp. 1677-1688. ISSN 1466-4283 Full text not archived in this repository. It is advisable to refer to the publisher's version if you intend to cite from this work. See Guidance on citing. To link to this item DOI: 10.1080/00036840500405862 Abstract/SummaryThis paper exploits a structural time series approach to model the time pattern of multiple and resurgent food scares and their direct and cross-product impacts on consumer response. A structural time series Almost Ideal Demand System (STS-AIDS) is embedded in a vector error correction framework to allow for dynamic effects (VEC-STS-AIDS). Italian aggregate household data on meat demand is used to assess the time-varying impact of a resurgent BSE crisis (1996 and 2000) and the 1999 Dioxin crisis. The VEC-STS-AIDS model monitors the short-run impacts and performs satisfactorily in terms of residuals diagnostics, overcoming the major problems encountered by the customary vector error correction approach.
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