Abstract
We quantified the impact of consumer awareness about beef safety on U.S. beef exports. An index to reflect consumer awareness is constructed based on publicized reports in the media. Results showed a 0.8% reduction in U.S. beef exports arose from foodborne-disease news. In addition, using impulse response functions derived from a panel vector autoregressive model (panel VAR with the system GMM estimator), we found that the negative impact of a shock in food safety news intensified after three quarters and then diminished. Investing in any scheme that minimizes the impact of food safety events, such as quality labeling, is suggested.
Original language | English |
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Pages (from-to) | 135-156 |
Number of pages | 22 |
Journal | International Trade Journal |
Volume | 35 |
Issue number | 2 |
DOIs | |
State | Published - 2021 |
Bibliographical note
Publisher Copyright:© 2020 Taylor & Francis Group, LLC.
Keywords
- Consumer awareness
- U.S. beef exports
- beef safety
- panel data
ASJC Scopus subject areas
- General Economics, Econometrics and Finance
- Business and International Management