TY - JOUR
T1 - Projecting meat and cereals demand for China based on a meta-analysis of income elasticities
AU - Zhou, De
AU - Yu, Xiaohua
AU - Abler, David
AU - Chen, Danhong
N1 - Publisher Copyright:
© 2017 Elsevier Inc.
PY - 2020/2
Y1 - 2020/2
N2 - There are many projections for China's food demand, and the projection results differ significantly from each other. Different values for income elasticities could be a major reason. This study projects meat and cereals demand for China based on a meta-analysis of the income elasticity estimates using a collection of 143 and 240 income elasticity estimates for cereals and meat products, respectively, from 36 primary studies. We find that income elasticities for most cereals (general cereals, rice, and coarse grains) and all meat products (general meat, pork, poultry, beef & mutton) tend to decline as per capita income increases, except for wheat, which increases. Taking this into account, differences between consumption projections based on time-varying income elasticities and values based on constant elasticities are substantial in quantities and increase over time.
AB - There are many projections for China's food demand, and the projection results differ significantly from each other. Different values for income elasticities could be a major reason. This study projects meat and cereals demand for China based on a meta-analysis of the income elasticity estimates using a collection of 143 and 240 income elasticity estimates for cereals and meat products, respectively, from 36 primary studies. We find that income elasticities for most cereals (general cereals, rice, and coarse grains) and all meat products (general meat, pork, poultry, beef & mutton) tend to decline as per capita income increases, except for wheat, which increases. Taking this into account, differences between consumption projections based on time-varying income elasticities and values based on constant elasticities are substantial in quantities and increase over time.
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U2 - 10.1016/j.chieco.2017.12.002
DO - 10.1016/j.chieco.2017.12.002
M3 - Article
AN - SCOPUS:85044643305
SN - 1043-951X
VL - 59
JO - China Economic Review
JF - China Economic Review
M1 - 101135
ER -