World Food Demand
Long-term projections of global food demand are heavily dependent on which functional form of the food demand equation is used. Given that real incomes can change substantially over the long-term, key elements are the dependence of the income elasticity on income, which ensures that the food budget...
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| Format: | Journal Article |
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Oxford University Press
2012
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| Online Access: | http://hdl.handle.net/20.500.11937/11321 |
| _version_ | 1848747774408916992 |
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| author | Gao, Grace |
| author_facet | Gao, Grace |
| author_sort | Gao, Grace |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | Long-term projections of global food demand are heavily dependent on which functional form of the food demand equation is used. Given that real incomes can change substantially over the long-term, key elements are the dependence of the income elasticity on income, which ensures that the food budget share always lies within the [0, 1] range, and the role of income inequality. This article analyzes these issues, proposes a new functional form that deals with them, and presents estimates of income and price elasticities for food in 138 countries. |
| first_indexed | 2025-11-14T06:54:29Z |
| format | Journal Article |
| id | curtin-20.500.11937-11321 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T06:54:29Z |
| publishDate | 2012 |
| publisher | Oxford University Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-113212017-09-13T14:53:18Z World Food Demand Gao, Grace Engel's law functional form of demand equations cross-country demand food demand Long-term projections of global food demand are heavily dependent on which functional form of the food demand equation is used. Given that real incomes can change substantially over the long-term, key elements are the dependence of the income elasticity on income, which ensures that the food budget share always lies within the [0, 1] range, and the role of income inequality. This article analyzes these issues, proposes a new functional form that deals with them, and presents estimates of income and price elasticities for food in 138 countries. 2012 Journal Article http://hdl.handle.net/20.500.11937/11321 10.1093/ajae/aar133 Oxford University Press restricted |
| spellingShingle | Engel's law functional form of demand equations cross-country demand food demand Gao, Grace World Food Demand |
| title | World Food Demand |
| title_full | World Food Demand |
| title_fullStr | World Food Demand |
| title_full_unstemmed | World Food Demand |
| title_short | World Food Demand |
| title_sort | world food demand |
| topic | Engel's law functional form of demand equations cross-country demand food demand |
| url | http://hdl.handle.net/20.500.11937/11321 |