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World Food Demand

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  • Grace Gao

Abstract

Long-term projections of global food demand are heavily dependent on which functional form of the food demand equation is used. Given that real incomes can change substantially over the long-term, key elements are the dependence of the income elasticity on income, which ensures that the food budget share always lies within the [0, 1] range, and the role of income inequality. This article analyzes these issues, proposes a new functional form that deals with them, and presents estimates of income and price elasticities for food in 138 countries. Copyright 2012, Oxford University Press.

Suggested Citation

  • Grace Gao, 2012. "World Food Demand," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 94(1), pages 25-51.
    • Handle: RePEc:oup:ajagec:v:94:y:2012:i:1:p:25-51
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    File URL: http://hdl.handle.net/10.1093/ajae/aar133
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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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