RICE IN ASIA: IS IT BECOMING AN INFERIOR GOOD?

Shoichi Ito and Warren R. Grant

No 270131, 1987 Annual Meeting, August 2-5, East Lansing, Michigan from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: Empirical results using time-series and cross-sectional data indicate that rice in Asia is becoming an inferior good. Steady declines in rice consumption per capita are occurring, as inc~me levels rise. Accordingly, Asia should have an increasing rice surplus, putting more pressure on international rice markets in the future.

Keywords: Agricultural and Food Policy; Crop Production/Industries; International Development (search for similar items in EconPapers)
Pages: 27
Date: 1987-08-02
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea87:270131

DOI: 10.22004/ag.econ.270131

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