World Food Demand

Grace Gao

Research output: Working paperDiscussion paper

2 Downloads (Pure)

Abstract

Food occupies a role of particular importance in the consumer’s budget, especially in poor countries. This paper deals with special issues arising from modelling food consumption patterns in 138 countries, where per capita incomes differ by as much as a factor of 100. We explore various forms of the Engel curve, and emphasise the economic behaviour of the income elasticity and the [0, 1] domain of the budget share. Using a new functional form to allow for the substantial variation in prices across countries, we provide estimates of income and price elasticities in each country. Stress testing is also employed by considering the implications of extreme values of income.
Original languageEnglish
PublisherUWA Business School
Publication statusPublished - 2010

Publication series

NameEconomics Discussion Papers
No.17
Volume10

Fingerprint

Dive into the research topics of 'World Food Demand'. Together they form a unique fingerprint.

Cite this