Assessing the Demand for Food in Europe by the Year 2010

By: Podkaminer, Leon.

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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).

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Item type	Current library	Call number	Status	Date due	Barcode
Paper	WIIW Library	5.700/28 (Browse shelf(Opens below))	Available		1000010000527

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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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