Corrigendum

This article refers to:

Another view of impact of BSE crisis in Japanese meat market through the almost ideal demand system model with Markov switching

Corrigendum

Another view of impact of BSE crisis in Japanese meat market through the almost ideal demand system model with Markov switching

Satoshi Kabe^* and Yuichiro Kanazawa

Graduate School of Systems and Information Engineering, University of Tsukuba, 1-1-1 Tennodai, Tsukuba, Ibaraki 305-8577, Japan

Applied Economics Letters, 2012, 19, 1643–1647, http://dx.doi.org/10.1080/13504851.2011.650328

The authors regret that Tables 2 and 4 were printed with incorrect data. The corrected tables are reproduced below:

Table 2. Estimated parameters of MS-AIDS model

	Regime 1		Regime 2
	Estimate	SE	Estimate	SE
	0.4359	0.1507**	0.2443	0.3114
	0.4840	0.0754**	0.5429	0.1421**
	0.2873	0.0944**	0.2299	0.1074*
γ11	0.0068	0.0657	0.0552	0.0802
γ12	−0.0174	0.0485	−0.0197	0.0347
γ13	−0.0446	0.0384	−0.0372	0.0277
γ22	0.0523	0.0364	0.0378	0.0301
γ23	−0.0373	0.0348	0.0065	0.0264
γ33	0.1042	0.0404*	0.0639	0.0297*
β1	−0.0672	0.0325*	−0.0404	0.0675
β2	−0.0687	0.0167**	−0.0761	0.0303*
β3	−0.0126	0.0180	−0.0043	0.0231
Notes: MS-AIDS, Markov-Switching Almost Ideal Demand System. * and **Significant at the 5% and 1% levels, respectively.

Table 4. Price elasticities and expenditure elasticities

	Price
	Beef	Pork	Expenditure
Regime 1
Beef	−0.815*	0.062	0.688**
	(−2.311)	(0.227)	(3.801)
Pork	0.091	−0.529**	0.615**
	(0.384)	(−3.143)	(7.563)
Regime 2
Beef	−0.618	0.006	0.776*
	(−1.582)	(0.025)	(2.064)
Pork	0.032	−0.624**	0.629**
	(0.181)	(−3.429)	(4.241)
Notes: t-Value in parentheses.
* and **Significant at the 5% and 1% levels, respectively.