price elasticity
INTERNATIONAL EVIDENCE ON FOOD CONSUMPTION PATTERNS
soonho
20 Sep, 2011 20:52
Publisher
Economic Research Sevice, United States Department of Agriculture
Publication date
Last version on
Location
http://www.ers.usda.gov/Publications/TB1904/
Source / Citation
Seale, J., A. Regmi, and J. A. Bernstein. 2003. "International evidence on food consumption patterns." Technical Bulletin No. TB1904. Washington, DC: Economic Research Service, United States Department of Agriculture.
The analysis presented in this paper suggests that low-, middle-, and high-income countries all respond differently to changes in income and food prices and, furthermore that low-income countries are more responsive than high-income countries to such changes. These conclusions are based on a two-stage, cross-country demand system fit to the 1996 International Comparison Project (ICP) data for nine broad categories and eight food sub-categories of goods across 114 countries.