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An understanding of the responsiveness of food demand to price changes is critical to decision making in the area of food policy. The estimation of these elasticities is difficult in developing countries, such as Fiji, due to a lack of reliable data. We review the existing data on food demand...
Persistent link: https://www.econbiz.de/10005320506
The agricultural sector is a central part of the Fiji Islands economy. Policies to alleviate poverty and stimulate economic growth need to be based on a sound understanding of the local agricultural systems involved. This understanding needs to extend to the responsiveness of production to price...
Persistent link: https://www.econbiz.de/10005806931
Until the world financial crisis struck, commodity and food prices seemed to be on an inexorable uptrend. The increases caused widespread concern about the effects of higher food prices on poverty. These concerns are relevant to the poor people everywhere but are especially relevant to poor...
Persistent link: https://www.econbiz.de/10005070222
A preliminary analysis of demand in eight major OECD wool-consuming countries is used to provide up-to-date estimates of price elasticities of demand for wool. Those elasticities are employed to calculate ex ante market prices, assuming no wool price stabilisation in Australia. The computed ex...
Persistent link: https://www.econbiz.de/10005525581