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Cross-Price Elasticities of Demand Across 114 Countries AgEcon
Regmi, Anita; Seale, James L., Jr..
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...
Tipo: Report Palavras-chave: Cross-country demand analysis; Cross-price elasticities; 1996 ICP data; Florida Model; Frisch elasticity; Complete demand analysis; Food demand; Demand and Price Analysis; International Development; International Relations/Trade.
Ano: 2010 URL: http://purl.umn.edu/59870
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