Food import demand in the Czech Republic
This paper provides an overview of Czech food import demand in the transition period of the 90's. It also provides econometrical estimates of own- and cross-price elasticities and group expenditure elasticities of Czech import demand for a number of foods. Based on the Hausman test for endogeneity, which supports the hypothesis that Czech import prices were exogenously determined outside of the Czech economy, we estimated five demand models as direct-demand systems of the AIDS type. The econometric estimation of elasticities was based on bimonthly data from March 1993 to August 1997.
|Date of creation:||04 May 1998|
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- Brenton, Paul & Winters, L. Alan, 1992. "Estimates of Bilateral Trade Elasticities and Their Implications for the Modelling of `1992'," CEPR Discussion Papers 717, C.E.P.R. Discussion Papers.
- Adolf Buse, 1994. "Evaluating the Linearized Almost Ideal Demand System," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(4), pages 781-793.
- 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.
- Balcombe, K. G. & 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, Blackwell, vol. 15(1), pages 47-60, September.
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