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The Economics of Global Consumption Patterns

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  • Clements, Kenneth W.
  • Qiang, Ye

Abstract

Henri Theil devoted a good deal of the last two decades of his professional activities to the analysis of international consumption patterns. This paper commences with a review of Theil’s path-breaking research on cross-country demand, and then investigates in some detail two important issues: (i) the extent to which differences in incomes and prices explain international consumption pattern; and (ii) new empirical evidence regarding the extent to which tastes are similar internationally. The paper also contains an evaluation of another important building block of Theil’s work in this area, that of the assumption of preference independence, whereby there are no interactions between goods in the utility function.

Suggested Citation

  • Clements, Kenneth W. & Qiang, Ye, 2003. "The Economics of Global Consumption Patterns," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 35(Supplemen), pages 1-17.
    • Handle: RePEc:ags:joaaec:43272
    DOI: 10.22004/ag.econ.43272
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    Cited by:

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    2. Qi, Li & Prime, Penelope B., 2009. "Market reforms and consumption puzzles in China," China Economic Review, Elsevier, vol. 20(3), pages 388-401, September.
    3. Verma, Monika & Hertel, Thomas W. & Preckel, Paul V., 2011. "Predicting within country household food expenditure variation using international cross-section estimates," Economics Letters, Elsevier, vol. 113(3), pages 218-220.
    4. Bohman, Helena & Nilsson, Désirée, 2006. "Income Inequality as a Determinant of Trade Flows," Working Paper Series in Economics and Institutions of Innovation 73, Royal Institute of Technology, CESIS - Centre of Excellence for Science and Innovation Studies.
    5. Rathnayaka, Shashika D. & Selvanathan, Eliyathamby A. & Selvanathan, Saroja, 2022. "Modelling the consumption patterns in the Asian countries," Economic Analysis and Policy, Elsevier, vol. 74(C), pages 277-296.

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