Assessing the Demand for Food in Europe by the Year 2010
By: Podkaminer, Leon.
Material type:
BookSeries: wiiw Working Papers: 28Publisher: Wien : Wiener Institut für Internationale Wirtschaftsvergleiche (wiiw), 2004Description: S., 30cm.Subject(s): cross-country demand functions | Almost Ideal Demand System | food consumption | European Comparison ProjectCountries covered: European Union | New EU Member Stateswiiw Research Areas: Macroeconomic Analysis and PolicyClassification: R22 | C53 | D12 | Q11 Online resources: Click here to access online Summary: 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).
| Cover image | Item type | Current library | Home library | Collection | Shelving location | Call number | Materials specified | Vol info | URL | Copy number | Status | Notes | Date due | Barcode | Item holds | Item hold queue priority | Course reserves | |
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| Paper | WIIW Library | 5.700/28 (Browse shelf(Opens below)) | Available | 1000010000527 |
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).
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