International Consumption Patterns: Evidence From the 1996 International Comparison Project

James Seale and Anita Regmi

No 331093, Conference papers from Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project

Abstract: The Florida model, a modified Working’s model that incorporates price terms, is fit to the 1996 International Comparison Project’s data for nine broad categories of goods across 114 countries. The country data exhibit group heteroskedasticity, and a maximum likelihood procedure that corrects for group heteroskedasticity is developed and used to estimate the model. Outliers are identified with information inaccuracy measures, and Strobel measures of goodness-of-fit are calculated. Results suggest that low-, middle-, and high-income countries have distinct income and price responses; low-income countries are more responsive to income and price changes than high-income countries. Additionally, the conditional demand for eight food subcategories is fit to the data and results are linked to the aggregate level results to calculate conditional and unconditional expenditure elasticities for these goods.

Keywords: Food Consumption/Nutrition/Food Safety; Public Economics (search for similar items in EconPapers)
Pages: 28
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:ags:pugtwp:331093

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