Izvorni znanstveni članak
https://doi.org/10.1080/1331677X.2020.1819850
The microeconomic approach to food demand modelling: empirical results for Croatian households
Trina Mjeda
Nela Vlahinić Lenz
Ljerka Cerović
Sažetak
This paper provides a detailed analysis of food expenditures of
Croatian households by using microeconomic approach and food
system modelling. The aim is to provide the in-depth research of
Croatian food demand using a methodology that process household-level consumption data. Consequently, we estimate various
economic and socio-demographic parameters affecting aggregate
demand for food and empirically derive different food demand
elasticities. QUAIDS model have been used in order to perform
simultaneous modelling of a demand system with the assumption
of a rational consumer, which behaves independently of other
consumers. The research results show significant variability in
household consumption, which is influenced not only by economic, but also by socio-demographic determinants of demand.
The main findings do not deviate in large scale when compared
with other (post)transition countries of a similar geo-political profile. These results provide a deeper understanding of Croatian
households’ behaviour and could be used as a powerful tool
in simulating the effects of public policy changes on a range of
indicators, from the consumer well-being to the effects on budget
revenues.
Ključne riječi
Demand analysis; personal consumption; food demand; QUAIDS model; demand elasticity
Hrčak ID:
301202
URI
Datum izdavanja:
31.12.2021.
Posjeta: 194 *