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Calibration of incomplete demand systems in quantitative analysis

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  • John Beghin
  • Jean-Christophe Bureau
  • Sophie Drogue

Abstract

An easily implemented and flexible calibration technique for partial demand systems is introduced, combining recent developments in incomplete demand systems and a set of restrictions conditioned on the available elasticity estimates. The technique accommodates various degrees of knowledge on cross-price elasticities, satisfies curvature restrictions, and allows the recovery of an exact welfare measure for policy analysis. The technique is illustrated with a partial demand system for food consumption in Korea for different states of knowledge on cross-price effects. The consumer welfare impact of food and agricultural trade liberalization is measured.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Applied Economics.

Volume (Year): 36 (2004)
Issue (Month): 8 ()
Pages: 839-847

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Handle: RePEc:taf:applec:v:36:y:2004:i:8:p:839-847

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  1. Fang, Cheng & Beghin, John C., 2002. "Urban Demand for Edible Oils and Fats in China: Evidence from Household Survey Data," Staff General Research Papers 1863, Iowa State University, Department of Economics.
  2. Beghin, John C. & Bureau, Jean-Christophe & Park, Sung Joon, 2003. "Food Security and Agricultural Protection in South Korea," Staff General Research Papers 2006, Iowa State University, Department of Economics.
  3. Selvanathan, E. Antony, 1985. "An even simpler differential demand system," Economics Letters, Elsevier, vol. 19(4), pages 343-347.
  4. Jeffrey T. LaFrance & W. Michael Hanemann, 1989. "The Dual Structure of Incomplete Demand Systems," Monash Economics Working Papers archive-21, Monash University, Department of Economics.
  5. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
  6. LaFrance, J. T. & Beatty, T. K. M. & Pope, R. D. & Agnew, G. K., 2002. "Information theoretic measures of the income distribution in food demand," Journal of Econometrics, Elsevier, vol. 107(1-2), pages 235-257, March.
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Cited by:
  1. Tokgoz, Simla, 2004. "Can Eu Enlargement Lead To "Immiserizing Growth"? An Empirical Investigation," 2004 Annual meeting, August 1-4, Denver, CO 20100, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  2. Zhen Miao & John C. Beghin & Helen H. Jensen, 2011. "Accounting for Product Substitution in the Analysis of Food Taxes Targeting Obesity," Center for Agricultural and Rural Development (CARD) Publications 10-wp518, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  3. John C. Beghin & Holger Matthey & Ndiame Diop & Mirvat Sewadeh, 2003. "Groundnut Trade Liberalization: A South-South Debate?," Food and Agricultural Policy Research Institute (FAPRI) Publications 03-wp347, Food and Agricultural Policy Research Institute (FAPRI) at Iowa State University.
  4. John C. Beghin & Amani Elobeid, 2013. "The Impact of the U.S. Sugar Program Redux," Center for Agricultural and Rural Development (CARD) Publications 13-wp538, Center for Agricultural and Rural Development (CARD) at Iowa State University.
  5. Toma, Luiza & Mathijs, Erik & Revoredo-Giha, Cesar, 2006. "Linkages between Agriculture, Trade and the Environment in the Context of the European Union Accession," Working Papers 45991, Scottish Agricultural College, Land Economy Research Group.
  6. Matthey, Holger & Diop, Ndiame & Beghin, John C. & Sewadeh, Mirvat, 2003. "The Impact Of Groundnut Trade Liberalization: Implication For The Doha Round," 2003 Annual meeting, July 27-30, Montreal, Canada 22032, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Miao, Zhen & Beghin, John C. & Jensen, Helen H., 2010. "Taxing Sweets: Sweetener Input Tax or Final Consumption Tax?," 2010 Annual Meeting, July 25-27, 2010, Denver, Colorado 61511, Agricultural and Applied Economics Association.
  8. Beghin, John & Diop, Ndiame & Matthey, Holger, 2006. "Groundnut trade liberalization: Could the South help the south?," World Development, Elsevier, vol. 34(6), pages 1016-1036, June.
  9. John C. Beghin & Holger Matthey, 2003. "Modeling World Peanut Product Markets: A Tool for Agricultural Trade Policy Analysis," Center for Agricultural and Rural Development (CARD) Publications 03-wp332, Center for Agricultural and Rural Development (CARD) at Iowa State University.

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