Researching and forecasting aggregated consumers’ perception of imported food: Russia and Brazil case studies (1992–2020)

Henry Penikas and Alina Savelyeva ()
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Alina Savelyeva: Higher School of Economics, Moscow, Russia

Applied Econometrics, 2013, vol. 32, issue 4, 45-70

Abstract: The research contains the estimation of Revealed Comparative Advantage indices for food exporters and structural shifts in the global composition of food trade. The finding about the income elasticity of consumption for imported food has been done on the basis of AIDS and QAIDS models. At the final stage of the paper the authors implement the combined forecast of the share of expenditures on imported food in total expenditures on food and the income elasticity of imported food consumption in Russia and Brazil till 2020. The key implication is that food (both imported and produced domestically) is a second need good.

Keywords: global food market; income elasticity of consumption; imported food; revealed comparative advantage; structural shifts (search for similar items in EconPapers)
JEL-codes: C01 C23 C53 F14 F17 Q17 (search for similar items in EconPapers)
Date: 2013
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