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Title International evidence on food consumption patterns [electronic resource] : an update using 2005 international comparison program data / Andrew Muhammad ... [et al.].

Imprint [Washington, D.C.] : U.S. Dept. of Agriculture, Economic Research Service, [2011]

Copies

Location Call No. OPAC Message Status
 Axe Federal Documents Online  A 1.36:1929    ---  Available
Description 1 online resource (iv, 53 p.) : col. ill., col. map
Series Technical bulletin ; no. 1929
Technical bulletin (United States. Department of Agriculture) ; no. 1929.
System Details System requirements: PDF reader.
Mode of access: World Wide Web.
Note Title from title screen (viewed on May 23, 2011).
Chiefly tables.
Cover title.
"March 2011."
Bibliography Includes bibliographical references (p. 20-21).
Summary In a 2003 report, International Evidence on Food Consumption Patterns, ERS economists estimated income and price elasticities of demand for broad consumption categories and food categories across 114 countries using 1996 International Comparison Program (ICP) data. This report updates that analysis with an estimated two-stage demand system across 144 countries using 2005 ICP data. Advances in ICP data collection since 1996 led to better results and more accurate income and price elasticity estimates. Low-income countries spend a greater portion of their budget on necessities, such as food, while richer countries spend a greater proportion of their income on luxuries, such as recreation. Low-value staples, such as cereals, account for a larger share of the food budget in poorer countries, while high-value food items are a larger share of the food budget in richer countries. Overall, low-income countries are more responsive to changes in income and food prices and, therefore, make larger adjustments to their food consumption pattern when incomes and prices change. However, adjustments to price and income changes are not uniform across all food categories. Staple food consumption changes the least, while consumption of higher-value food items changes the most.
Subject Food consumption -- Statistics.
Food consumption -- Economic aspects.
Elasticity (Economics) -- Statistics.
Heteroscedasticity -- Statistics.
Added Author Muhammad, Andrew.
United States. Department of Agriculture. Economic Research Service.
Other Form: Print version: International evidence on food consumption patterns. [Washington, D.C.] : U.S. Dept. of Agriculture, Economic Research Service, [2011] (OCoLC)711795738
Gpo Item No. 0016 (online)
Sudoc No. A 1.36:1929

 
    
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