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The demand for food in the United States and The Netherlands: a systems approach with the CBS model

✍ Scribed by Hans Van Driel; Venuta Nadall; Kees Zeelenberg

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 231 KB
Volume: 12
Category: Article
ISSN: 0883-7252
DOI: 10.1002/(sici)1099-1255(199709/10)12:5<509::aid-jae451>3.0.co;2-p

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✦ Synopsis

We analyse the demand for food in the USA and the Netherlands in the period 1929±88, using a dierential consumer demand system, the CBS model, and we compare our results with those of Tobin. For the USA we ®nd an income elasticity of 0 . 75, both in budget-survey data and in time-series data, which is higher than those found by Tobin, and an own-price elasticity of À0Á45. For the Netherlands we obtain an income elasticity of 0 . 35 in time-series data and 0 . 65 in individual budget-survey data and an own-price elasticity of about À0Á20.

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