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Food Consumption Analysis Using Engel Equation in Korea

Author

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  • Choi, Jihyeon
  • Lee, KyeiIm

Abstract

The overall objective of this study is to identify factors affecting food consumption and project the consumption for major food groups up to 2005. The data used in the empirical analysis are from the household component of 1986 and 1998 Family Income Expenditure Survey. For the estimation of food demand equation. Engel equations were estimated using OLS. Estimation results showed that household age-sex composition, types of households, and location of residence were closely related to the food expenditure at home. The expenditure elasticities were relatively elastic in food away from home(FAFH), fruits, and fish and shellfish compared to grains. vegetables, and oils.

Suggested Citation

  • Choi, Jihyeon & Lee, KyeiIm, 2000. "Food Consumption Analysis Using Engel Equation in Korea," Journal of Rural Development/Nongchon-Gyeongje, Korea Rural Economic Institute, vol. 23(4), December.
    • Handle: RePEc:ags:jordng:288035
    DOI: 10.22004/ag.econ.288035
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