| |
Abstract:
Using food expenditures and food sales data over 1990-2004, this report examines whether food consumption and delivery trends are converging across 47 high- and middle-income countries. Middle-income countries, such as China and Mexico, appear to be following trends in high-income countries, measured across several dimensions of food system growth and change. Convergence is apparent in most important food expenditure categories and in indicators of food system modernization such as supermarket and fast-food sales.
food expenditure, food delivery, food demand convergence, food expenditure, food delivery, food demand convergence, food label claims, supermarket sales, fast-food sales,global food market
|
|
2.
|
|
|
James Seale Jr. University of Florida - Food & Resource Economics Department Anita Regmi U.S. Department of Agriculture (USDA) - Economic Research Service (ERS)
|
| Posted: |
|
29 Nov 06
|
|
Last Revised:
|
|
02 Jan 07
|
|
25 (153,767)
|
|
|
| |
Abstract:
This article addresses a number of key problems commonly confronted in the literature on international demand analysis. These include data issues and requirements, multistage budgeting, outliers, group heteroskedasticity, and model selection. A two-stage demand system is fit to International Comparison Programme data for 114 countries for nine aggregate categories and eight food sub-categories of goods. Outliers are identified and omitted from the sample. Parameter estimates for the two stages are obtained with a maximum-likelihood procedure that corrects for group heteroskedasticity. Country-specific income and own-price elasticities are calculated and indicate that poor countries are more responsive to changes in income and prices than rich countries. We also find evidence for the strong version of Engel's law; when income doubles, the budget share of food declines by approximately 0.10.
|