Demand for food during economic transition: an AIDS econometric model for Slovenia, 1988-2008

This article investigates the demand for food in Slovenia in 1988-2008 by employing an Almost Ideal Demand System based on Household Budget Survey datasets with own production included. It was established that the demand for food was mostly inelastic, while the responsiveness of households to income...

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Bibliographic Details
Published in:Post-communist economies 2014-06, Vol.26 (2), p.277-295
Main Authors: Verbic, Miroslav, Cok, Mitja, Bozic, Ana
Format: Article
Language:English
Subjects:
Consumer spending
Demand curves
Disposable income
Econometrics
Economic change
Expenditure
Food
Food prices
Habits
Household income
Nutrition
Slovenia
Studies
Transition economies
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Summary:This article investigates the demand for food in Slovenia in 1988-2008 by employing an Almost Ideal Demand System based on Household Budget Survey datasets with own production included. It was established that the demand for food was mostly inelastic, while the responsiveness of households to income and food prices was in general increasing with time. Even though expenditure shares for food did not vary much by income brackets, there were some differences in the elasticities. Taking own production into account, the elasticities of food demand decreased. Overall, Slovenians preserved quite uniform nutritional habits during the transition period; changing to some extent with time but not much in structure by disposable income.
ISSN:1463-1377
1465-3958
DOI:10.1080/14631377.2014.904111