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Demands for Food Products Across the Development Spectrum: Application of a Rank Four Demand System

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  • Cranfield, John A.L.

Abstract

A rational rank four AIDS model (RAIDS) is used to estimate consumer demands for final goods and services in countries spanning the development spectrum. RAIDS is used as it provides more general price and expenditure responses. It also nests the Quadratic and non-liner AIDS models. RAIDS is estimated using the entire sample and sub-samples based on the country's level of per capita expenditure. Results indicate selection of nested functional form differs by sub-sample. AIDS is selected for the low per capita expenditure countries, sample is considered. Differences in parameter estimates manifest themselves in price and Engel elasticities. Such differences warrant caution when using global demand systems to undertake policy analysis.

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Bibliographic Info

Paper provided by University of Guelph, Department of Food, Agricultural and Resource Economics in its series Working Papers with number 34111.

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Date of creation: 2005
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Handle: RePEc:ags:uguewp:34111

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Web page: http://fare.uoguelph.ca/
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Related research

Keywords: Consumer demand; model selection; demand system rank; Demand and Price Analysis;

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  1. Arthur Lewbel, 2003. "A rational rank four demand system," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 18(2), pages 127-135.
  2. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-26, June.
  3. Italianer, Alexander, 1985. "A small-sample correction for the likelihood ratio test," Economics Letters, Elsevier, vol. 19(4), pages 315-317.
  4. Cranfield, J. A. L. & Preckel, Paul V. & Eales, James S. & Hertel, Thomas W., 2002. "Estimating consumer demands across the development spectrum: maximum likelihood estimates of an implicit direct additivity model," Journal of Development Economics, Elsevier, vol. 68(2), pages 289-307, August.
  5. Nicholas E. Piggott, 2003. "The Nested PIGLOG Model: An Application to U.S. Food Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 85(1), pages 1-15.
  6. Lewbel, Arthur, 1991. "The Rank of Demand Systems: Theory and Nonparametric Estimation," Econometrica, Econometric Society, vol. 59(3), pages 711-30, May.
  7. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
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