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Assessing the Demand for Food in Europe by the Year 2010

Author

Listed:
  • Leon Podkaminer

    (The Vienna Institute for International Economic Studies, wiiw)

Abstract

Data on household consumption provided by the European Comparison Project for 1999 are used to estimate the parameters of the cross-country Almost Ideal Demand System (AIDS) for two aggregates food and non-food. The estimates are highly significant. AIDS specified with parameter estimates is used for assessing food demand in 2010. Four alternative price trends are considered, each assuming 2% real per capita income growth p.a. in Western Europe and 4% in 12 EU accession countries (ACs). Food consumption will be rising 2.6% p.a. in ACs, and the ACs' share in all-Europe food consumption will increase from 13.6% (1999) to 16-17% (2010).

Suggested Citation

  • Leon Podkaminer, 2004. "Assessing the Demand for Food in Europe by the Year 2010," wiiw Working Papers 28, The Vienna Institute for International Economic Studies, wiiw.
    • Handle: RePEc:wii:wpaper:28
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    File URL: https://wiiw.ac.at/assessing-the-demand-for-food-in-europe-by-the-year-2010-dlp-527.pdf
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    Citations

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    Cited by:

    1. Miroslav Verbič & Mitja Čok & Ana Božič, 2014. "Demand for food during economic transition: an AIDS econometric model for Slovenia, 1988-2008," Post-Communist Economies, Taylor & Francis Journals, vol. 26(2), pages 277-295, June.

    More about this item

    Keywords

    cross-country demand functions; Almost Ideal Demand System; food consumption; European Comparison Project;
    All these keywords.

    JEL classification:

    • R22 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Household Analysis - - - Other Demand
    • C53 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Forecasting and Prediction Models; Simulation Methods
    • 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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