Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
1107214 | Procedia - Social and Behavioral Sciences | 2016 | 9 Pages |
Abstract
Exists plenty of the theoretical and empirical literature on what determines consumption levels over time and across countries, but less research into changes in consumption patterns. To better understand how changing incomes and prices influenced consumption patterns, we estimate Almost Ideal Demand System models.Aim of the paper is to find patterns and preference changes in the consumer demand for foodstuff in Slovakia. From the methodological aspect we used important items of the demand and for consumers behavior analysis we computed elasticity coefficients by using model AIDS. Computed elasticities showed that all foodstuff items had a positive income elasticity of demand.
Keywords
Related Topics
Social Sciences and Humanities
Arts and Humanities
Arts and Humanities (General)
Authors
Renata Benda-Prokeinová, Martina Hanová,