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| Title: | Cross-Price Elasticities of Demand Across 114 Countries |
| Authors: | Regmi, Anita
Seale, James L., Jr. |
| Authors (Email): | Regmi, Anita (aregmi@ers.usda.gov) |
| Keywords: | Cross-country demand analysis
cross-price elasticities
1996 ICP data
Florida Model
Frisch elasticity
complete demand analysis
food demand |
| Issue Date: | 2010-03 |
| Series/Report no.: | Technical Bulletin
Number 1925 |
| Abstract: | This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and “other” items.
Additionally, cross-price elasticities are calculated and reported for a two-good demand
system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across such a large number of countries and consumption categories. |
| URI: | http://purl.umn.edu/59870 |
| Institution/Association: | United States Department of Agriculture>Economic Research Service>Technical Bulletins |
| Total Pages: | 81 |
| Collections: | Technical Bulletins
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Size | Format |
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| TB19251.pdf | | 567Kb | PDF | View/Open |
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