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Modelling food consumption patterns in Greece

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  • Elias Mantzouneas
  • George Mergos
  • Chrysostomos Stoforos

Abstract

Modelling consumption patterns is of interest for both theoretical and policy reasons. This paper presents a methodology for modelling consumption patterns combining a theory-based with a data-based approach and it continues with an application to Greek data. The adopted AIDS-ECM quantitative methodology aims to estimate the expected trends in consumption patterns in Greece following an increase in available income over the 2001-2010 period. Three scenarios are examined: the first scenario considers the EU projections for private consumption expenditure, 3% per annum, the second scenario assumes a higher growth of 5% per annum and the third scenario a 1% increase. The results of the first stage expenditure aggregation show a decrease in the budget share for the food group in all scenarios under consideration while the opposite is true for 'transportation and communication' and 'others'. Finally, the second stage expenditure aggregation estimates show an increase in the budget share for meat, fruits and vegetables and oils and fats, while the opposite is true for bread and cereals and other food.

Suggested Citation

  • Elias Mantzouneas & George Mergos & Chrysostomos Stoforos, 2004. "Modelling food consumption patterns in Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 11(8), pages 507-512.
  • Handle: RePEc:taf:apeclt:v:11:y:2004:i:8:p:507-512
    DOI: 10.1080/1350485042000244549
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    References listed on IDEAS

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    1. Kremers, Jeroen J M & Ericsson, Neil R & Dolado, Juan J, 1992. "The Power of Cointegration Tests," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 54(3), pages 325-348, August.
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    6. Balcombe, Kelvin George & Davis, J.R., 1996. "An application of cointegration theory in the estimation of the Almost Ideal Demand system for food consumption in Bulgaria," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 15(1), September.
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    Cited by:

    1. Haider, Adnan & Zaidi, Masroor, 2017. "Food Consumption Patterns and Nutrition Disparity in Pakistan," MPRA Paper 83522, University Library of Munich, Germany.

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