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World Food Demand

Author

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  • Grace Gao

    (UWA Business School, The University of Western Australia)

Abstract

Food occupies a role of particular importance in the consumer’s budget, especially in poor countries. This paper deals with special issues arising from modelling food consumption patterns in 138 countries, where per capita incomes differ by as much as a factor of 100. We explore various forms of the Engel curve, and emphasise the economic behaviour of the income elasticity and the [0, 1] domain of the budget share. Using a new functional form to allow for the substantial variation in prices across countries, we provide estimates of income and price elasticities in each country. Stress testing is also employed by considering the implications of extreme values of income.

Suggested Citation

  • Grace Gao, 2010. "World Food Demand," Economics Discussion / Working Papers 10-17, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:10-17
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    Cited by:

    1. Meade, Birgit & Muhammad, Andrew, 0. "New International Evidence on Food Consumption Patterns: A Focus on Cross-Price Effects Based on 2005 International Comparison Program Data," Amber Waves, United States Department of Agriculture, Economic Research Service, issue 03, April.
    2. Jean‐Paul Chavas & Giorgia Rivieccio & Salvatore Di Falco & Giovanni De Luca & Fabian Capitanio, 2022. "Agricultural diversification, productivity, and food security across time and space," Agricultural Economics, International Association of Agricultural Economists, vol. 53(S1), pages 41-58, November.
    3. Christophe Gouel & Houssein Guimbard, 2018. "Nutrition Transition and the Structure of Global Food Demand," Post-Print hal-01820555, HAL.
    4. Laura Cornelsen & Rosemary Green & Rachel Turner & Alan D. Dangour & Bhavani Shankar & Mario Mazzocchi & Richard D. Smith, 2015. "What Happens to Patterns of Food Consumption when Food Prices Change? Evidence from A Systematic Review and Meta‐Analysis of Food Price Elasticities Globally," Health Economics, John Wiley & Sons, Ltd., vol. 24(12), pages 1548-1559, December.
    5. Kenneth W. Clements & Jiawei Si, 2016. "Price Elasticities of Food Demand: Compensated vs Uncompensated," Health Economics, John Wiley & Sons, Ltd., vol. 25(11), pages 1403-1408, November.
    6. Clements, Kenneth W. & Gao, Grace, 2015. "The Rotterdam demand model half a century on," Economic Modelling, Elsevier, vol. 49(C), pages 91-103.
    7. Christophe Gouel & Houssein Guimbard, 2019. "Nutrition Transition and the Structure of Global Food Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 101(2), pages 383-403.
    8. Fahd Rehman, 2020. "Optimism and pessimism: A cross‐country comparison," The World Economy, Wiley Blackwell, vol. 43(11), pages 3025-3038, November.
    9. Anna Szczepańska-Przekota, 2023. "Are Small Agricultural Markets Recipients of World Prices? The Case of Poland," Agriculture, MDPI, vol. 13(6), pages 1-16, June.
    10. Chavas, Jean-Paul, 2017. "On food security and the economic valuation of food," Food Policy, Elsevier, vol. 69(C), pages 58-67.
    11. James A. Edmonds & Robert Link & Stephanie T. Waldhoff & Ryna Cui, 2017. "A Global Food Demand Model For The Assessment Of Complex Human-Earth Systems," Climate Change Economics (CCE), World Scientific Publishing Co. Pte. Ltd., vol. 8(04), pages 1-22, November.
    12. Fahd Rehman & Russel J. Cooper, 2017. "Consumer Expectations: A Residual Based Approach," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 63(4), pages 841-866, December.
    13. Kenneth W Clements & Jiawei Si, 2015. "More on the Price-Responsiveness of Food Consumption," Economics Discussion / Working Papers 15-03, The University of Western Australia, Department of Economics.
    14. Walter P. Falcon & Rosamond L. Naylor & Nikhil D. Shankar, 2022. "Rethinking Global Food Demand for 2050," Population and Development Review, The Population Council, Inc., vol. 48(4), pages 921-957, December.

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