Analysis of the Structural Changes in Vietnamese Households’ Food Demand: 2010 to 2030

Hoa K. Hoang and William H. Meyers

No 205692, 2015 AAEA & WAEA Joint Annual Meeting, July 26-28, San Francisco, California from Agricultural and Applied Economics Association

Abstract: Studies have shown that income distribution effects and urbanization are crucial for providing more precise long-term food demand projections, especially in rapid-growing economies like Vietnam. Using a fitted QUAIDS model, this study projects at-home food demand of Vietnamese households to 2020 and 2030, taking into account alternative growth rates in food expenditures, food prices and urbanization. Food consumed in a household is divided into 7 major groups including rice, pork, meat and fish, vegetables and fruits, sugar, drinks, and miscellaneous food. Results showed that the responsiveness of demand for foods varies across income classes and between urban and rural areas, most notably in the case of rice. Projections under alternative scenarios also showed that the budget shares of rice decline significantly while those for meat and fish, drinks and most remarkably, miscellaneous food group, increase at higher levels of food expenditures. Interestingly, the effect of urbanization is more remarkable for rice while it is quite modest for the remaining food groups.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety (search for similar items in EconPapers)
Pages: 1
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea15:205692

DOI: 10.22004/ag.econ.205692

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