EconStor >
New Zealand Institute of Economic Research (NZIER), Wellington >
New Zealand Trade Consortium Working Papers, NZIER >

Please use this identifier to cite or link to this item:

Full metadata record

DC FieldValueLanguage
dc.contributor.authorKhaled, Mohammeden_US
dc.contributor.authorMcWha, Vharien_US
dc.contributor.authorLattimore, Ralphen_US
dc.description.abstractVery little is known about the basic income and price responsiveness of New Zealand food markets. As far as we can determine, there has never been a complete disaggregated food demand model estimated for New Zealand. In a famous article, Court (1967) estimated a demand system for three red meats. Since then there have been a number of demand systems estimated which included food in the aggregate, but the focus in these studies was primarily on the substitution possibilities between food as a whole and other items of household expenditure. The object of this paper is to update these estimates using more recent data to see whether there are grounds for believing that the structural changes that occurred primarily during the last two decades are having effects on the size of these food demand elasticities in New Zealand. To this end, a Rotterdam food demand system is estimated for this paper using time series data from the household economic surveys, 1981 to 2001. The results indicate that over the last 20 years household consumption has increased for fruit and vegetables, poultry, food eaten away from home, and sweet products, drinks and other foods owing to time related changes in preferences and/or income growth. Fish, poultry, meat, farm products, cereals and meals away from home are all more price elastic than earlier estimates would indicate.en_US
dc.publisherNew Zealand Inst. of Economic Research Wellingtonen_US
dc.relation.ispartofseriesNew Zealand Trade Consortium Working Paper 30en_US
dc.subject.keywordtime series modelsen_US
dc.subject.keywordconsumer economicsen_US
dc.subject.keywordfood policyen_US
dc.subject.keywordhousehold demanden_US
dc.titleFragmenting food markets: Some New Zealand evidence from a two-stage budget modelen_US
dc.typeWorking Paperen_US
Appears in Collections:New Zealand Trade Consortium Working Papers, NZIER

Files in This Item:
File Description SizeFormat
385841795.pdf305.51 kBAdobe PDF
No. of Downloads: Counter Stats
Show simple item record
Download bibliographical data as: BibTeX

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.