Cross-Price Elasticities of Demand Across 114 Countries

Anita Regmi and James Seale ()

No 59870, Technical Bulletins from United States Department of Agriculture, Economic Research Service

Abstract: This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and “other” items. Additionally, cross-price elasticities are calculated and reported for a two-good demand system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across such a large number of countries and consumption categories.

Keywords: Demand and Price Analysis; International Development; International Relations/Trade (search for similar items in EconPapers)
Pages: 81
Date: 2010-03
New Economics Papers: this item is included in nep-ind
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:ags:uerstb:59870

DOI: 10.22004/ag.econ.59870

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