Cross-Price Elasticities of Demand Across 114 Countries

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 such a large number of countries and consumption categories.


Issue Date:
2010-03
Publication Type:
Report
PURL Identifier:
http://purl.umn.edu/59870
Total Pages:
81
Series Statement:
Technical Bulletin
Number 1925




 Record created 2017-04-01, last modified 2017-08-21

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