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Cross-price elasticities of demand across 114 countries / Anita Regmi, James L. Seale, Jr.
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View online- Format:
- Book
- Government document
- Author/Creator:
- Regmi, Anita
- Series:
- Technical bulletin (United States. Department of Agriculture) ; no. 1925.
- Technical bulletin ; no. 1925
- Language:
- English
- Subjects (All):
- Demand (Economic theory).
- Prices.
- Elasticity (Economics).
- prices.
- Physical Description:
- 1 online resource (v, 81 pages) : color illustrations.
- Place of Publication:
- [Washington, D.C.] : U.S. Dept. of Agriculture, Economic Research Service, [2010]
- Summary:
- This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and "other" items. Additionally, cross-price elasticities are calculated and reported for a two-good demand system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across such a large number of countries and consumption categories.
- Contents:
- Summary
- Introduction
- Background
- Data
- Methodology
- Three Types of Price Elasticities
- Empirical Results
- Marginal Shares
- Cross-Price Elasticities in a Two-Good Demand System
- Cross-Price Elasticities in a Nine-Good Demand System
- Conclusions
- References
- Appendix tables.
- Notes:
- Title from title caption (viewed Nov. 24, 2010).
- "March 2010."
- "A report from the Economic Research Service."
- Includes bibliographical references (pages 21-24).
- Other Format:
- Print version: Regmi, Anita. Cross-price elasticities of demand across 114 countries.
- OCLC:
- 683272829
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