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Global Consumption Patterns, Quality And Food Demand

Author

Listed:
  • Kenneth W. Clements

    (Economics Department, Business School, The University of Western Australia)

  • Long Hai Vo

    (Economics Department, Business School, The University of Western Australia)

Abstract

There are significant disparities in the wealth of nations and how incomes are spent. For example, consumers in the poorest countries spend more than half of income on food, while in the richest countries, this is one-tenth or less. We use the recently published data from the International Comparison Program for 176 countries to estimate cross-country demands. Considerable progress can be made in accounting for much of the disparities in consumption patterns with this simple utility-maximisation model in which variations in incomes and prices are the key drivers. This leads to measures of the “quality” of consumption and its price based on a luxury-necessity-revealed-preference approach, as well as projections of future world food demand.

Suggested Citation

  • Kenneth W. Clements & Long Hai Vo, 2021. "Global Consumption Patterns, Quality And Food Demand," Economics Discussion / Working Papers 21-17, The University of Western Australia, Department of Economics.
    • Handle: RePEc:uwa:wpaper:21-17
    Note: MD5 = 132b25138906508b9cd5229a5e7b6200
    as

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    File URL: https://ecompapers.biz.uwa.edu.au/paper/PDF%20of%20Discussion%20Papers/2021/DP%2021.17_Clements%20and%20Vo.pdf
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    Citations

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    Cited by:

    1. Naveed Hayat & Ghulam Mustafa & Bader Alhafi Alotaibi & Abou Traore, 2022. "Nutritional Demand and Consumption Pattern: A Case Study of Pakistan," Sustainability, MDPI, vol. 14(12), pages 1-21, June.
    2. Long Hai Vo & Thai‐Ha Le, 2022. "COVID‐19 test‐kit trade and trade policy: Implications for developing countries," The World Economy, Wiley Blackwell, vol. 45(10), pages 3246-3268, October.
    3. Kenneth W Clements & Yihui Lan & Haiyan Liu & Long Vo, 2022. "The Icp, Ppp And Household Expenditure Patterns," Economics Discussion / Working Papers 22-18, The University of Western Australia, Department of Economics.

    More about this item

    Keywords

    Global consumption; Quality indexes; Engel’s law; Food demand projections;
    All these keywords.

    JEL classification:

    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
    • F61 - International Economics - - Economic Impacts of Globalization - - - Microeconomic Impacts
    • Q11 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Agriculture - - - Aggregate Supply and Demand Analysis; Prices

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