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International Consumption Comparisons:OECD Versus LDC

Author

Listed:
  • E A Selvanathan

    (Griffith University, Australia)

  • S Selvanathan

    (Griffith University, Australia)

Abstract

This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1950–1998) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 46 countries and 9 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques.

Individual chapters are listed in the "Chapters" tab

Suggested Citation

  • E A Selvanathan & S Selvanathan, 2003. "International Consumption Comparisons:OECD Versus LDC," World Scientific Books, World Scientific Publishing Co. Pte. Ltd., number 4167.
    • Handle: RePEc:wsi:wsbook:4167
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    File URL: https://www.worldscientific.com/worldscibooks/10.1142/4167
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    Citations

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    Cited by:

    1. Eliyathamby A. Selvanathan & Saroja Selvanathan & Lucille Wong & Maneka Savithri Jayasinghe, 2021. "Modelling Regional Consumption Patterns in Australia," The Economic Record, The Economic Society of Australia, vol. 97(317), pages 141-156, June.
    2. Leon Podkaminer, 2004. "Why is food cheaper in rich (European) countries?," Banca Nazionale del Lavoro Quarterly Review, Banca Nazionale del Lavoro, vol. 57(230), pages 297-327.
    3. Haiyan Liu, 2016. "The Income And Price Sensitivity Of Diets Globally," Economics Discussion / Working Papers 16-22, The University of Western Australia, Department of Economics.
    4. Alessandro Podkaminer, 2004. "PerchŽ i generi alimentari sono meno costosi nei paesi (europei) ricchi?," Moneta e Credito, Economia civile, vol. 57(227), pages 311-345.
    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.

    Book Chapters

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    More about this item

    Keywords

    Consumer Demand; International Consumption Comparison; Stochastic Index Numbers; Testing Demand Theory Hypotheses;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • D0 - Microeconomics - - General
    • E0 - Macroeconomics and Monetary Economics - - General

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