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Estimation of the elasticities of demand for edible oils in Spain, 1999-2019
[Estimación de las elasticidades de la demanda de aceites comestibles en España, 1999-2019]

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  • Ignacio Escañuela Romana

    (Universidad Loyola Andalucía = Loyola University Andalucía)

Abstract

The own and cross-price elasticities of demand for edible oils in Spanish households, in 1999-2019, are quantified. The groups considered include olive oils and their types, as well as other oils. Households are the main component of domestic consumption and measuring elasticities is relevant since it allows explaining and predicting the impact of prices and income on consumption, the basis of productive and commercial strategies, and public policies. The starting point is aggregate data, average per capita, and a Rotterdam demand model is estimated using the method of seemingly unrelated regressions. The theoretical and econometric conditions established in the scientific literature must also be fulfilled.

Suggested Citation

  • Ignacio Escañuela Romana, 2022. "Estimation of the elasticities of demand for edible oils in Spain, 1999-2019 [Estimación de las elasticidades de la demanda de aceites comestibles en España, 1999-2019]," Working Papers hal-03657372, HAL.
    • Handle: RePEc:hal:wpaper:hal-03657372
    Note: View the original document on HAL open archive server: https://hal.science/hal-03657372v1
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    References listed on IDEAS

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    More about this item

    Keywords

    62P20; Elasticidades; modelos; demanda; aceites comestibles Elasticities; models; demand; C50; edible oils C30; D12; Q11 34A30; 62J05; 91B42;
    All these keywords.

    JEL classification:

    • C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
    • C30 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - General
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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