Lithuania's Food Demand During Economic Transition

Ferdaus Hossain and Helen Jensen

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The linear approximate version of the almost ideal demand system (LA-AIDS) model is estimated using data from the Lithuanian household budget survey (HBS) covering the period from July 1992 to December 1994. Price and real expenditure elasticities for 12 food groups were estimated based on the estimated coefficients of the model. Very little or nothing is known about the demand parameters of Lithuania and other former socialist countries, so the results are of intrinsic interest. Estimated expenditure elasticities were positive and statistically significant for all food groups, while all own-price elasticities were negative and statistically significant, except for that of eggs which was insignificant. Results suggest that Lithuanian household consumption did respond to price and real income changes during their transition to a market-oriented economy.

Date: 2000-06-01
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Published in Agricultural Economics, June 2000, vol. 23 no. 1, pp. 31-40

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Related works:
Journal Article: Lithuania's food demand during economic transition (2000)
Working Paper: Lithuania's Food Demand During Economic Transition (2000)
Working Paper: Lithuania's food demand during economic transition (2000)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:1715

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