Income and Price Elasticities of Demand for Foods Consumed in the Home
نویسنده
چکیده
This part of the report presents the results of an analysis of the responsiveness of home consumption of a variety of foods to variations in incomes and prices over the period 1988 to 2000. It provides information on the way in which food expenditures and quantities vary with income across households and through time; as well as on the way in which they vary through time with prices, controlling for relevant household characteristics.
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Objective: The demand structure for five commodity groups including foods and drinks, clothing, housing, health and recreation, and educational services was analyzed based on the time series data of the household consumption expenditures during period 1966-2007. Method: A linear approximation of almost ideal demand system (LA/AIDS) was estimated by SURE method in order to obtain demand fun...
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