STATE-LEVEL FOOD DEMAND IN INDIA: SOME EVIDENCE ON RANK-THREE DEMAND SYSTEMS

Ranjan Ray and J.V. Meenakshi

No 60, Working papers from Centre for Development Economics, Delhi School of Economics

Abstract: This paper examines the relevance of estimating rank-three demand systems in the context of India. The analysis is based on state-level estimation of higher-order generalisations of two popular demand systems: the Linear Expenditure System and the Almost Ideal Demand System. Our results suggest that while incorporating higher-order income terms in consumer demand estimation is important, it is not always necessary to undertake the additional computational burden imposed by rank-three demand systems. Also highlighted in this paper is the state specificity of demand parameters; regional variations in consumer (food) behaviour should not be ignored.

Keywords: Liberalization; Foreign Direct Investment; Granger Causality (search for similar items in EconPapers)
JEL-codes: C3 F4 O5 (search for similar items in EconPapers)
Pages: 27 pages
Date: 1999-03
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Citations: View citations in EconPapers (1)

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