ESTIMATING THE FOOD PRICE AND INCOME ELASTICITIES IN TEHRAN URBAN HOUSEHOLDS

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VARAHRAMI VIDA; HOSHMAND ZOHREH; YOUSEFI HAJIABADI REZA

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Journal: Journal of Economic Modelling Year:2016 | Volume:9 | Issue:4 (32) Page(s): 103-122

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Title

ESTIMATING THE FOOD PRICE AND INCOME ELASTICITIES IN TEHRAN URBAN HOUSEHOLDS

Author(s)

VARAHRAMI VIDA | HOSHMAND ZOHREH | YOUSEFI HAJIABADI REZA | Issue Writer Certificate

Keywords

CONSUMER BEHAVIORQ2

ELASTICITY OF DEMANDQ2

COMBINATION ALMOST IDEAL DEMAND SYSTEMQ2

SEEMINGLY UNRELATED REGRESSIONQ2

Abstract

The aim of this research is to estimate the food price and income elasticities in urban household of Tehran province. For this purpose, the data of household food items in Tehran province used by different groups of household consumer goods are gathered and then handled as a combination of linear almost ideal demand system based on SEEMINGLY UNRELATED REGRESSION (SUR) during 2004- 2012. In this paper, the behavior of price and income elasticities has been studied in urban households. The overall results represent that cereals, dairy products and oils group are a part of essential commodities. Meats, fish and marine animals are luxury goods. Cross-price elasticities, in term of absolute value, are less than one in most cases. Auto-price elasticity of fish and marine animals is more than one unit. In other word, this group is a kind of elastic goods.

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APA: Copy

VARAHRAMI, VIDA, HOSHMAND, ZOHREH, & YOUSEFI HAJIABADI, REZA. (2016). ESTIMATING THE FOOD PRICE AND INCOME ELASTICITIES IN TEHRAN URBAN HOUSEHOLDS. ECONOMIC MODELLING, 9(4 (32)), 103-122. SID. https://sid.ir/paper/176145/en

Vancouver: Copy

VARAHRAMI VIDA, HOSHMAND ZOHREH, YOUSEFI HAJIABADI REZA. ESTIMATING THE FOOD PRICE AND INCOME ELASTICITIES IN TEHRAN URBAN HOUSEHOLDS. ECONOMIC MODELLING[Internet]. 2016;9(4 (32)):103-122. Available from: https://sid.ir/paper/176145/en

IEEE: Copy

VIDA VARAHRAMI, ZOHREH HOSHMAND, and REZA YOUSEFI HAJIABADI, “ESTIMATING THE FOOD PRICE AND INCOME ELASTICITIES IN TEHRAN URBAN HOUSEHOLDS,” ECONOMIC MODELLING, vol. 9, no. 4 (32), pp. 103–122, 2016, [Online]. Available: https://sid.ir/paper/176145/en

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