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Cross-Price Elasticities of Demand Across 114 Countries

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  • Regmi, Anita
  • Seale, James L., Jr.

Abstract

This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and “other” items. Additionally, cross-price elasticities are calculated and reported for a two-good demand system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across such a large number of countries and consumption categories.

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Bibliographic Info

Paper provided by United States Department of Agriculture, Economic Research Service in its series Technical Bulletins with number 59870.

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Date of creation: Mar 2010
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Handle: RePEc:ags:uerstb:59870

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Keywords: Cross-country demand analysis; cross-price elasticities; 1996 ICP data; Florida Model; Frisch elasticity; complete demand analysis; food demand; Demand and Price Analysis; International Development; International Relations/Trade;

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  1. Seale, James Jr. & Theil, Henri, 1987. "Extending the sample size in cross-country demand analysis," Economics Letters, Elsevier, vol. 23(2), pages 209-212.
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  17. Seale, James L., Jr. & Regmi, Anita & Bernstein, Jason, 2003. "International Evidence On Food Consumption Patterns," Technical Bulletins 33580, United States Department of Agriculture, Economic Research Service.
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Cited by:
  1. Meade, Birgit & Anita Regmi & Seale, James L. Jr. & Muhammad, Andrew, 2013. "Anticipating Consumer Demand in a Mercurial Price Climate: Cross-Price Elasticities across Multiple Goods," 2013 Annual Meeting, August 4-6, 2013, Washington, D.C. 150438, Agricultural and Applied Economics Association.
  2. Jason Henderson, 2011. "Building U.S. agricultural exports: one BRIC at a time," Economic Review, Federal Reserve Bank of Kansas City, issue Q I.
  3. Abdelkrim ARAAR & Jean-Yves DUCLOS & Paul MAKDISSI, 2012. "Pro-poor indirect tax reforms, with an application to Mexico," Working Papers P56, FERDI.
  4. Chitiga, Margaret & Fofana, Ismael & Mabugu, Ramos, 2011. "A multiregion general equilibrium analysis of fiscal consolidation in South Africa:," IFPRI discussion papers 1110, International Food Policy Research Institute (IFPRI).

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