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A Global Demand Analysis of Vegetable Oils for Food and Industrial Use: A Cross-Country Panel Data Analysis with Spatial Econometrics

Author

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  • Kojima, Yasutomo
  • Parcell, Joe
  • Cain, Jewelwayne

Abstract

This article analyzes global demand for major edible and non-edible vegetable oils using cross-country panel data from 1991 to 2011. A fixed effects model, accounting for spatial dependence of the residuals, is specified. Compared to food use, income elasticities are significantly higher for industrial use, suggesting that demand for non-edible vegetable oils is expected to increase with the rise of global wealth in the future. Income elasticities will be useful for simulation research of estimating how much agricultural land needs to be developed in the future in order to meet an expected increase in demand for biofuel feedstocks.

Suggested Citation

  • Kojima, Yasutomo & Parcell, Joe & Cain, Jewelwayne, 2016. "A Global Demand Analysis of Vegetable Oils for Food and Industrial Use: A Cross-Country Panel Data Analysis with Spatial Econometrics," 2016 Annual Meeting, July 31-August 2, Boston, Massachusetts 235744, Agricultural and Applied Economics Association.
    • Handle: RePEc:ags:aaea16:235744
    DOI: 10.22004/ag.econ.235744
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    File URL: https://ageconsearch.umn.edu/record/235744/files/AAEA%202016%20_Full%20Paper_%20A%20Global%20Demand%20Analysis%20of%20Vegetable%20Oils%20for%20Food%20and%20Industrial%20Use%20_Yasutomo%20Kojima_.pdf
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    Cited by:

    1. Santeramo, Fabio Gaetano & Searle, Stephanie, 2019. "Linking soy oil demand from the US Renewable Fuel Standard to palm oil expansion through an analysis on vegetable oil price elasticities," Energy Policy, Elsevier, vol. 127(C), pages 19-23.
    2. Lippert, Christian & Feuerbacher, Arndt & Narjes, Manuel, 2021. "Revisiting the economic valuation of agricultural losses due to large-scale changes in pollinator populations," Ecological Economics, Elsevier, vol. 180(C).
    3. Muhammad Waqas & Shahzad Zafar Iqbal & Ahmad Faizal Abdull Razis & Wajeeha Pervaiz & Touheed Ahmad & Sunusi Usman & Nada Basheir Ali & Muhammad Rafique Asi, 2021. "Occurrence of Aflatoxins in Edible Vegetable Seeds and Oil Samples Available in Pakistani Retail Markets and Estimation of Dietary Intake in Consumers," IJERPH, MDPI, vol. 18(15), pages 1-12, July.

    More about this item

    Keywords

    Agricultural and Food Policy; Demand and Price Analysis; Environmental Economics and Policy; Food Consumption/Nutrition/Food Safety;
    All these keywords.

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