Household-Level Evidence of Cereals Demand and the Welfare Implications of Cereals Price Shocks in Rural and Urban Mali

Nathalie Me-Nsope and John Staatz

No 249694, Food Security Collaborative Working Papers from Michigan State University, Department of Agricultural, Food, and Resource Economics

Abstract: Food demand parameters are necessary for informed food policy making. In this paper we specify a Quadratic Almost Ideal Demand System and estimate a complete demand system for rice, sorghum, millet and maize in rural and urban Mali using Mali’s 2006 household budget survey data. Elasticities are estimated by per capita income groups and by rural and urban residence. We use these estimates to measure the welfare effects of cereals price shocks observed from 2008 to 2011 by means of a proportional compensating variation that allows for second-order demand responses to price changes.

Keywords: Agricultural and Food Policy; Demand and Price Analysis; Food Consumption/Nutrition/Food Safety; International Development (search for similar items in EconPapers)
Pages: 25
Date: 2016-11
New Economics Papers: this item is included in nep-agr
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Citations: View citations in EconPapers (1)

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Related works:
Working Paper: Household-Level Evidence of Cereals Demand and the Welfare Implications of Cereals Price Shocks in Rural and Urban Mali (2016)
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Persistent link: https://EconPapers.repec.org/RePEc:ags:midcwp:249694

DOI: 10.22004/ag.econ.249694

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