THE DEMAND FOR FOOD GRAIN IN CHINA: NEW INSIGHTS INTO A CONTROVERSY

Xiaobo Zhang, Timothy D. Mount and Richard N. Boisvert

Agricultural and Resource Economics Review, 2001, vol. 30, issue 01, 9

Abstract: There is a substantial controversy in the economics literature over the magnitude of the expenditure elasticity for food grain in China that is caused, to a large extent, by whether time-series or cross-section data are used in the analysis. A set of reasonable elasticities for a complete demand system is estimated by using a panel of county level data in Guangdong Province for the last ten years. The results show that food grain has a small positive income elasticity, implying that food grain is not an inferior good in China. The reason that consumption per capita has not increased during a period of rapid economic growth in income is that the relative prices of the food and non-food substitutes for food grain have decreased.

Keywords: Crop; Production/Industries (search for similar items in EconPapers)
Date: 2001
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Citations: View citations in EconPapers (5)

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Journal Article: The Demand for Food Grain in China: New Insights into a Controversy (2001)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:arerjl:31606

DOI: 10.22004/ag.econ.31606

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