A Meta-Analysis of the Price Elasticity of Meat: Evidence of Regional Differences

Abstract

This study addresses regional differences in meat demand by estimating meta-regressions of the price elasticity of meat for North America, Europe, and Asia. Although we find many characteristics in the literature have similar impacts on the price elasticity across these regions, there are noticeable differences. For instance, the price elasticities of beef, lamb, and fish in North America are significantly more elastic compared to poultry. For Asia and Europe, though, there are fewer significant differences in the price elasticity across meats. Also, demand specification plays a more prominent role in determining the price elasticity of meat in Europe.