Price and Income Elasticities in LAC Countries: The Importance of Domestic Production

Carla Canelas (), François Gardes and Silvia Salazar ()
Additional contact information
Carla Canelas: Centre d'Economie de la Sorbonne - Paris School of Economics, https://centredeconomiesorbonne.univ-paris1.fr
Silvia Salazar: Centre d'Economie de la Sorbonne - Paris School of Economics, https://centredeconomiesorbonne.univ-paris1.fr

Documents de travail du Centre d'Economie de la Sorbonne from Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne

Abstract: The inclusion of time in the household domestic production function allows to calculate full prices that are in turn used to estimate consistent monetary and time elasticities on micro cross-sectional data. This article provides elasticity estimates for different commodity groups in absence of observable price data, solving the persistent problem of price data availability in most developing countries. The estimated price elasticities perform well compared to other methods and can be computed for different sub-populations, which is important for policy design and the calibration of simulation models

Keywords: Demand elasticities; domestic production; time-use (search for similar items in EconPapers)
JEL-codes: D04 D11 D12 D13 (search for similar items in EconPapers)
Pages: 19 pages
Date: 2014-05
New Economics Papers: this item is included in nep-agr and nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (7)

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ftp://mse.univ-paris1.fr/pub/mse/CES2014/14038.pdf (application/pdf)

Related works:
Working Paper: Price and Income Elasticities in LAC Countries: The Importance of Domestic Production (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mse:cesdoc:14038

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