Cross-Price Elasticities of Demand Across 114 Countries
by
Anita Regmi and James L. Seale, Jr.
Technical Bulletin No. (TB-1925) 89 pp, March 2010
This report presents a simple methodology for calculating cross-price elasticities across countries, using the Frisch own-price elasticity. Cross-price elasticities are calculated for 9 major consumption categories from the 1996 International Comparison Program data across 114 countries. The consumption categories are: food, beverage, and tobacco; clothing and footwear; education; gross rent, fuel, and power; house furnishings and operations; medical care; recreation; transport and communications; and “other” items. Additionally, cross-price elasticities are calculated and reported for a two-good demand system of food and nonfood. The elasticity estimates from this report are the only available consistent cross-country cross-price elasticity estimates across this large a number of countries and consumption categories.
Keywords: Cross-country demand analysis, cross-price elasticities, 1996 ICP data, Florida Model, Frisch elasticity, complete demand analysis, food demand
In this publication...
Charts and graphs (in .png format) from this report are available in the .zip file listed below. The .zip file also contains a document (readme.txt) that lists the name and title of each chart or graph file.
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