Lithuania’s Food Demand During Economic Transition, January 2000

(2000) Lithuania’s Food Demand During Economic Transition, January 2000. Iowa State University

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Abstract

The linear approximate version of the AIDS model is estimated using data from the Lithuanian household budget survey covering the period from July 1992 to December 1994. Price and real expenditure elasticities for twelve food groups were estimated based on the estimated coefficients of the model. Very little or nothing is known about the demand parameters of Lithuania and other former socialist countries, so the results are of intrinsic interest. Estimated expenditure elasticities were positive and statistically significant for all food groups while all own-price elasticities were negative and statistically significant, except for that of eggs which was insignificant. Results suggest that Lithuanian household consumption did respond to price and real income changes during their transition to a market-oriented economy.

Item Type: Departmental Report
Keywords: transition economies, food demand, LA-AIDS, fixed effects model
Subjects: Business and industry > Economic development
Business and industry > Economic forecasts
Agriculture and food production
ID Code: 2866
Deposited By: Margaret Barr
Deposited On: 13 Oct 2005
Last Modified: 13 Oct 2005
URI: http://publications.iowa.gov/id/eprint/2866

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