| Título: | THE DEMAND FOR FOOD GRAIN IN CHINA : NEW INSIGHTS INTO A CONTROVERSY |
| Autores: |
Zhang, Xiaobo Mount, Timothy D. Boisvert, Richard N. |
| Fecha: |
2004-04-07 2007-03-07 2004-04-07 2007-03-07 2001-04 |
| Publicador: | AgEcon |
| Fuente: |
 |
| Tipo: | Journal Article |
| Tema: | Crop Production/Industries |
| Descripción: | There is a substantial controversy in the economics literature over the magnitude of the expenditure elasticity for food grain in China that is caused, to a large extent, by whether time-series or cross-section data are used in the analysis. A set of reasonable elasticities for a complete demand system is estimated by using a panel of county level data in Guangdong Province for the last ten years. The results show that food grain has a small positive income elasticity, implying that food grain is not an inferior good in China. The reason that consumption per capita has not increased during a period of rapid economic growth in income is that the relative prices of the food and non-food substitutes for food grain have decreased. |
| Idioma: |
English en |
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