Abstract
The purpose of this paper is to examine consumption patterns of the Greek consumer for agricultural and nonagricultural commodities by estimating a complete system of expend iture equations. The estimated expenditure and price elasticities of demand show that demand for agricultural commodities is income and pr ice inelastic, and that for nonagricultural commodities it is income elastic but price inelastic. The cross-price effects, both compensate d and uncompensated, appear to be strong between agricultural and non agricultural commodities and less significant among the agricultural commodities by themselves. Copyright 1987 by Oxford University Press.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.