Cross-price elasticities of demand across 114 countries /
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 consump...
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| Format: | Government Document eBook |
| Language: | English |
| Published: |
[Washington, D.C.] :
U.S. Dept. of Agriculture, Economic Research Service,
[2010]
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| Series: | Technical bulletin (United States. Department of Agriculture) ;
no. 1925. |
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| Online Access: | https://purl.fdlp.gov/GPO/gpo1368 |
| 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. |
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| Item Description: | Title from title caption (viewed on Nov. 24, 2010). "March 2010." "A report from the Economic Research Service." Electronic resource. |
| Physical Description: | 1 online resource (v, 81 pages) : color illustrations |
| Bibliography: | Includes bibliographical references (pages 21-24). |