The Demand For Food In South Africa
AbstractFood consumption is an important issue in South Africa, given its relation to poverty and deprivation. With the pressing need to increase food security, understanding the determinants of the demand for food and having some estimates of the likely impact of price and income changes has become a vital task. There is, however, surprisingly little economic research on this topic and almost none in recent times. This paper provides a comprehensive empirical analysis of the demand for food in South Africa for the years 1970-2002. It moves beyond the usual static modelling approach in using a general dynamic log-linear demand equation and a dynamic version of the almost ideal demand system, to provide estimates of the short- and long-run price and expenditure demand elasticities. Copyright (c) 2008 The Authors. Journal compilation (c) Economic Society of South Africa 2008.
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Bibliographic InfoArticle provided by Economic Society of South Africa in its journal South African Journal of Economics.
Volume (Year): 76 (2008)
Issue (Month): 1 (03)
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- E58 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - Central Banks and Their Policies
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