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Rice Consumption Patterns and Quantity Demand Elasticities

Author

Listed:
  • Isavilanonda Somporn

    (Knowledge Network Institute of Thailand)

  • Kongrithi Weerasak

Abstract

This paper explores rice consumption patterns of Thai households and estimates income and price elasticities of quantity demand. The study found that the average annual consumption of rice for Thai households was 101 kilogram per person. The income elasticity of quantity demand is positive and inelastic (close to zero). The households in urban areas tend to have less income elasticity than those in rural areas. The households in the highest income rank of 25% had negative income elasticity. This indicates that rice is an inferior good for this income group. The result also shows that the price elasticity of rice demand is inelastic and corresponds with the law of demand.

Suggested Citation

  • Isavilanonda Somporn & Kongrithi Weerasak, 2006. "Rice Consumption Patterns and Quantity Demand Elasticities," Working Papers 200601, Kasetsart University, Department of Agricultural and Resource Economics.
    • Handle: RePEc:kau:wpaper:200601
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    File URL: http://agri.eco.ku.ac.th/RePEc/kau/wpaper/are200601.pdf
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    More about this item

    Keywords

    rice consumption; elasticity of demand;

    JEL classification:

    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices
    • R20 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - General

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