Rice Consumption Patterns and Quantity Demand Elasticities

Somporn Isavilanonda () and Weerasak Kongrithi ()
Additional contact information
Somporn Isavilanonda: Knowledge Network Institute of Thailand

No 200601, Working Papers from Kasetsart University, Department of Agricultural and Resource Economics

Abstract: This paper explores rice consumption patterns of Thai households and estimates income and price elasticities of quantity demand. The study found that the average annual consumption of rice for Thai households was 101 kilogram per person. The income elasticity of quantity demand is positive and inelastic (close to zero). The households in urban areas tend to have less income elasticity than those in rural areas. The households in the highest income rank of 25% had negative income elasticity. This indicates that rice is an inferior good for this income group. The result also shows that the price elasticity of rice demand is inelastic and corresponds with the law of demand.

Keywords: rice consumption; elasticity of demand (search for similar items in EconPapers)
JEL-codes: Q11 R20 (search for similar items in EconPapers)
Pages: 30 pages
Date: 2006-10
References: Add references at CitEc
Citations:

Published in ARE Working Paper No. 2549/1 (October 2006)

Downloads: (external link)
http://agri.eco.ku.ac.th/RePEc/kau/wpaper/are200601.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kau:wpaper:200601

Access Statistics for this paper

More papers in Working Papers from Kasetsart University, Department of Agricultural and Resource Economics Contact information at EDIRC.
Bibliographic data for series maintained by Kanchana Sripruetkiat ().