Vu, Linh H. - In: Economies : open access journal 8 (2020) 1/11, pp. 1-17
-price elasticities. Rice has mean expenditure elasticity of 0.36 and mean own-price elasticity of -0.80. Using the estimated elasticities …, the study finds that when rice prices increase by 20 percent, average household welfare rises by 1.3 percent, yet it is …