Estimation of the elasticities of demand for edible oils in Spain, 1999-2019

Estimación de las elasticidades de la demanda de aceites comestibles en España, 1999-2019

Ignacio Escañuela Romana ()

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Abstract: The own and cross-price elasticities of demand for edible oils in Spanish households, in 1999-2019, are quantified. The groups considered include olive oils and their types, as well as other oils. Households are the main component of domestic consumption and measuring elasticities is relevant since it allows explaining and predicting the impact of prices and income on consumption, the basis of productive and commercial strategies, and public policies. The starting point is aggregate data, average per capita, and a Rotterdam demand model is estimated using the method of seemingly unrelated regressions. The theoretical and econometric conditions established in the scientific literature must also be fulfilled.

Keywords: 62P20; Elasticidades; modelos; demanda; aceites comestibles Elasticities; models; demand; C50; edible oils C30; D12; Q11 34A30; 62J05; 91B42 (search for similar items in EconPapers)
Date: 2022-05
Note: View the original document on HAL open archive server: https://hal.science/hal-03657372v1
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