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Modeling International Consumption Patterns

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  • James L. Seale
  • Anita Regmi

Abstract

This article addresses a number of key problems commonly confronted in the literature on international demand analysis. These include data issues and requirements, multistage budgeting, outliers, group heteroskedasticity, and model selection. A two-stage demand system is fit to International Comparison Programme data for 114 countries for nine aggregate categories and eight food sub-categories of goods. Outliers are identified and omitted from the sample. Parameter estimates for the two stages are obtained with a maximum-likelihood procedure that corrects for group heteroskedasticity. Country-specific income and own-price elasticities are calculated and indicate that poor countries are more responsive to changes in income and prices than rich countries. We also find evidence for the strong version of Engel's law; when income doubles, the budget share of food declines by approximately 0.10. Copyright � 2006 The Authors; Journal compilation � International Association for Research in Income and Wealth 2006.

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Bibliographic Info

Article provided by International Association for Research in Income and Wealth in its journal Review of Income and Wealth.

Volume (Year): 52 (2006)
Issue (Month): 4 (December)
Pages: 603-624

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Handle: RePEc:bla:revinw:v:52:y:2006:i:4:p:603-624

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Cited by:
  1. Kaus, Wolfhard, 2013. "Beyond Engel's law - A cross-country analysis," Journal of Behavioral and Experimental Economics (formerly The Journal of Socio-Economics), Elsevier, vol. 47(C), pages 118-134.
  2. Kenneth W Clements & Grace Gao, 2011. "Quality, Quantity, Spending and Prices," Economics Discussion / Working Papers 11-12, The University of Western Australia, Department of Economics.
  3. Muhammad, Andrew & Meade, Birgit Gisela Saager, 2011. "International Evidence on Food Consumption Patterns: An Update Using 2005 International Comparison Program Data," Technical Bulletins 120252, United States Department of Agriculture, Economic Research Service.
  4. Asfaw, Abay, 2008. "Fruits and vegetables availability for human consumption in Latin American and Caribbean countries: Patterns and determinants," Food Policy, Elsevier, vol. 33(5), pages 444-454, October.
  5. Christophe Gouel & Sébastien Jean, 2012. "Optimal Food Price Stabilization in a Small Open Developing Country," Working Papers 2012-01, CEPII research center.
  6. Seale, James L. & Solano, Alexis A., 2012. "The changing demand for energy in rich and poor countries over 25years," Energy Economics, Elsevier, vol. 34(6), pages 1834-1844.
  7. Wolfhard Kaus, 2012. "Beyond Engel s Law - Pursuing an Engelian Approach to Welfare A Cross Country Analysis," Jena Economic Research Papers 2012-028, Friedrich-Schiller-University Jena, Max-Planck-Institute of Economics.
  8. Cranfield, John A.L. & Haq, Zahoor Ul, 2010. "What impact has food price inflation had on consumer welfare: a global analysis," 2010 Conference (54th), February 10-12, 2010, Adelaide, Australia 58894, Australian Agricultural and Resource Economics Society.
  9. Qi, Li & Prime, Penelope B., 2009. "Market reforms and consumption puzzles in China," China Economic Review, Elsevier, vol. 20(3), pages 388-401, September.
  10. Sheu, Ji-Tian & Lu, Jui-fen Rachel, 2014. "The spillover effect of National Health Insurance on household consumption patterns: Evidence from a natural experiment in Taiwan," Social Science & Medicine, Elsevier, vol. 111(C), pages 41-49.

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