Methodology for assessing the elasticity of supply and demand for the Russian meat market

Issue № 7, 2021, article № 10, pages 83-86

Section: Questions of methodology of economic research

Language: Russian

Original language title: МЕТОДИКА ОЦЕНКИ ЭЛАСТИЧНОСТЕЙ СПРОСА И ПРЕДЛОЖЕНИЯ ДЛЯ РОССИЙСКОГО РЫНКА МЯСА

Keywords: SUPPLY, SANCTIONS FACTOR, PRICE, POULTRY MEAT, PER CAPITA INCOME OF THE POPULATION, MULTIVARIATE REGRESSION MODEL, METHODOLOGY, ELASTICITY, DEMAND

Abstract: Analysis of the impact of various factors on the supply and demand of meat is an urgent task of meat market research. To solve these problems, a methodology for estimating the elasticity of supply and demand for the Russian meat market was developed. The methodology is based on the multivariate regression models presented in the paper. The method is tested on the example of demand and supply of poultry meat. The paper presents calculations performed using specialized modules of the integrated system (IC) STATISTICA. The simulation results showed that an increase in household incomes and a decrease in consumer prices for poultry meat have a positive impact on the demand for poultry meat. The domestic production of poultry meat fully meets the domestic demand, so the sanctions do not significantly affect the volume of demand. The results of regression modeling showed that the volume of poultry meat supply is affected by both the producer price and the introduction of sanctions.

Authors: Muratova Liudmila Georgievna