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dc.contributor.authorGao, Grace
dc.date.accessioned2017-01-30T11:24:03Z
dc.date.available2017-01-30T11:24:03Z
dc.date.created2013-04-03T20:00:28Z
dc.date.issued2012
dc.identifier.citationGao, Grace. 2012. World Food Demand. American Journal of Agricultural Economics. 94 (1): pp. 25-51.
dc.identifier.urihttp://hdl.handle.net/20.500.11937/11321
dc.identifier.doi10.1093/ajae/aar133
dc.description.abstract

Long-term projections of global food demand are heavily dependent on which functional form of the food demand equation is used. Given that real incomes can change substantially over the long-term, key elements are the dependence of the income elasticity on income, which ensures that the food budget share always lies within the [0, 1] range, and the role of income inequality. This article analyzes these issues, proposes a new functional form that deals with them, and presents estimates of income and price elasticities for food in 138 countries.

dc.publisherOxford University Press
dc.subjectEngel's law
dc.subjectfunctional form of demand equations
dc.subjectcross-country demand
dc.subjectfood demand
dc.titleWorld Food Demand
dc.typeJournal Article
dcterms.source.volume94
dcterms.source.number1
dcterms.source.startPage25
dcterms.source.endPage51
dcterms.source.issn00029092
dcterms.source.titleAmerican Journal of Agricultural Economics
curtin.department
curtin.accessStatusFulltext not available


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