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Rice In Asia: Is It Becoming An Inferior Good?

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  • Ito, Shoichi
  • Grant, Warren R.

Abstract

Empirical results using time-series and cross-sectional data indicate that rice in Asia is becoming an inferior good. Steady declines in rice consumption per capita are occurring, as inc~me levels rise. Accordingly, Asia should have an increasing rice surplus, putting more pressure on international rice markets in the future.

Suggested Citation

  • Ito, Shoichi & Grant, Warren R., 1987. "Rice In Asia: Is It Becoming An Inferior Good?," 1987 Annual Meeting, August 2-5, East Lansing, Michigan 270131, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea87:270131
    DOI: 10.22004/ag.econ.270131
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    References listed on IDEAS

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    1. Stephen E. Miller & Oral Capps & Gary J. Wells, 1984. "Confidence Intervals for Elasticities and Flexibilities from Linear Equations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 66(3), pages 392-396.
    2. Marc Nerlove, 1956. "Estimates of the Elasticities of Supply of Selected Agricultural Commodities," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 38(2), pages 496-509.
    3. Mann, Jitendar S., 1982. "Food Demand Pattern In Thailand," Staff Reports 276736, United States Department of Agriculture, Economic Research Service.
    4. Chen, Hsin-yiu & Hsu, Wen-fu & Mao, Yu-kang, 1975. "Rice Policies of Taiwan," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 14(4), pages 1-16.
    5. Moon, Pal Yong, 1975. "The Evolution of Rice Policy in Korea," Food Research Institute Studies, Stanford University, Food Research Institute, vol. 14(4), pages 1-22.
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    Cited by:

    1. Rahman, Kazi Tamim & Shanoyan, Aleksan & Hovhannisyan, Vardges, 2021. "Food Commodity Price Hikes, Public Policy, and Consumer Welfare: Lessons from Bangladesh," 2021 Annual Meeting, August 1-3, Austin, Texas 314076, Agricultural and Applied Economics Association.

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