International Evidence on Food Consumption Patterns: An Update Using 2005 International Comparison Program Data
Abstract
In a 2003 report, International Evidence on Food Consumption Patterns, ERS economists estimated income and price elasticities of demand for broad consumption categories and food categories across 114 countries using 1996 International Comparison Program (ICP) data. This report updates that analysis with an estimated two-stage demand system across 144 countries using 2005 ICP data. Advances in ICP data collection since 1996 led to better results and more accurate income and price elasticity estimates. Low-income countries spend a greater portion of their budget on necessities, such as food, while richer countries spend a greater proportion of their income on luxuries, such as recreation. Low-value staples, such as cereals, account for a larger share of the food budget in poorer countries, while high-value food items are a larger share of the food budget in richer countries. Overall, low-income countries are more responsive to changes in income and food prices and, therefore, make larger adjustments to their food consumption pattern when incomes and prices change. However, adjustments to price and income changes are not uniform across all food categories. Staple food consumption changes the least, while consumption of higher-value food items changes the most.Download Info
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Paper provided by United States Department of Agriculture, Economic Research Service in its series Technical Bulletins with number 120252.Length:
Date of creation: Mar 2011
Date of revision:
Handle: RePEc:ags:uerstb:120252
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Related research
Keywords: ICP 2005; high-value food products; consumption patterns; marginal share; income elasticity; price elasticity; ERS; USDA; Demand and Price Analysis; Food Security and Poverty; International Development; Research Methods/ Statistical Methods;This paper has been announced in the following NEP Reports:
- NEP-AGR-2012-02-20 (Agricultural Economics)
- NEP-ALL-2012-02-20 (All new papers)
References
References listed on IDEASPlease report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Citations
Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.Cited by:
- Hertel, Thomas W. & Steinbuks, Jevgenijs & Baldos, Uris Lantz C., 2012.
"Competition for Land in the Global Bioeconomy,"
2012 Conference, August 18-24, 2012, Foz do Iguacu, Brazil
129614, International Association of Agricultural Economists.
- Hertel, Thomas & Jevgenijs Steinbuks & Uris Lantz Baldos, 2012. "Competition for Land in the Global Bioeconomy," GTAP Working Papers 3982, Center for Global Trade Analysis, Department of Agricultural Economics, Purdue University.
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