New International Evidence on Food Consumption Patterns: A Focus on Cross-Price Effects Based on 2005 International Comparison Program Data

Birgit Meade (), Anita Regmi, James Seale () and Andrew Muhammad

No 165687, Technical Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: Cross-price elasticities are updated in this report, using the World Bank’s 2005 International Comparison Program (ICP) data for 9 major consumption categories across 144 countries. The 2005 ICP offers the most recent consistent data set for such a large number of countries. The consumption categories are: food, beverage and tobacco; clothing and footwear; gross rent, fuel, and power; house furnishings and operations; medical and health; transport and communications; recreation; education; and “other.” Cross-price elasticities also are calculated and reported for a two-good demand system based on food and nonfood items. To our knowledge, the cross-country cross-price elasticity estimates in this report represent the only available consistent elasticity estimates for this large a number of countries and consumption categories, updated from earlier estimates based on 1996 ICP data.

Keywords: Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; Food Security and Poverty; Institutional and Behavioral Economics; International Development (search for similar items in EconPapers)
Pages: 106
Date: 2014-01
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (2)

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Journal Article: New International Evidence on Food Consumption Patterns: A Focus on Cross-Price Effects Based on 2005 International Comparison Program Data (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:165687

DOI: 10.22004/ag.econ.165687

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