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- W2321785146 abstract "There is a substantial controversy in the economics literature over the magnitude of the expenditure elasticity for food grain in China that is caused, to a large extent, by whether time-series or cross-section data are used in the analysis. A set of reasonable elasticities for a complete demand system is estimated by using a panel of county level data in Guangdong Province for the last ten years. The results show that food grain has a small positive income elasticity, implying that food grain is not an inferior good in China. The reason that consumption per capita has not increased during a period of rapid economic growth in income is that the relative prices of the food and non-food substitutes for food grain have decreased." @default.
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- W2321785146 date "2001-01-01" @default.
- W2321785146 modified "2023-09-26" @default.
- W2321785146 title "for Food Grain in China: into a Controversy" @default.
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