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The Demand for Food in the United States and the Netherlands: A Systems Approach with the CBS Model

Hans Van Driel, Venuta Nadall and Kees Zeelenberg
Journal of Applied Econometrics
Vol. 12, No. 5, Special Issue: The Experiment in Applied Econometrics (Sep. - Oct., 1997), pp. 509-523
Published by: Wiley
Stable URL: http://www.jstor.org/stable/2285122
Page Count: 15
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The Demand for Food in the United States and the Netherlands: A Systems Approach with the CBS Model
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Abstract

We analyse the demand for food in the USA and the Netherlands in the period 1929-88, using a differential consumer demand system, the CBS model, and we compare our results with those of Tobin. For the USA we find an income elasticity of 0.75, both in budget-survey data and in time-series data, which is higher than those found by Tobin, and an own-price elasticity of -0.45. For the Netherlands we obtain an income elasticity of 0.35 in time-series data and 0.65 in individual budget-survey data and an own-price elasticity of about -0.20.

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