NEW EVIDENCE ON THE STRUCTURE OF FOOD DEMAND IN CHINA: AN EASI DEMAND MODEL ESTIMATED VIA PANEL DATA TECHNIQUES

Vardges Hovhannisyan

No 236889, 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts from Agricultural and Applied Economics Association

Abstract: This study analyzes the structure of food demand in urban China based on the most recent household expenditure survey data. Consumer food preferences are represented by an Exact Affine Stone Index (EASI) demand model, which accounts for unobserved consumer heterogeneity and allows for arbitrary Engel curve shapes. Further, we account for unobserved province-level heterogeneity in food preferences via province fixed-effects. Our findings indicate that seafood, fruit, and vegetables are income and expenditure elastic, while commodities such as grains and eggs are less than unitary elastic.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Pages: 21
Date: 2016-05-25
New Economics Papers: this item is included in nep-agr, nep-cna and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea16:236889

DOI: 10.22004/ag.econ.236889

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