Article ID Journal Published Year Pages File Type
1107214 Procedia - Social and Behavioral Sciences 2016 9 Pages PDF
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.

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Social Sciences and Humanities Arts and Humanities Arts and Humanities (General)
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