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This book analyses the household demand for consumer goods using a
diverse database, consisting of 45 developed and developing
countries. Household consumption patterns have undergone dramatic
changes due to rapid economic growth, increasing household income
and changing demographics. Using the most recent data available and
the latest econometric techniques, the authors model demand for 12
different commodities such as food, alcohol and tobacco, housing,
health, transport, health communication, and recreation and provide
insightful comparisons of consumption patterns in developed and
developing countries. The analysis presented in this book
highlights valuable policy insights for planning government
budgetary allocations and implementing policies towards an enhanced
standard of living for people. The book also provides some
important guidance for researchers interested in the theory and
empirical application of the analysis of consumer demand.
This book investigates the relationships between economies of scale
in food consumption and a number of socio-economic and demographic
characteristics of households and household behavioural choices
since food is the major share of household expenditure for poor
households. The characteristics considered comprise household size,
location, income, and gender of the head of household while the
behavioural choices considered comprise the decision to consume
home-grown food and the decision to adopt domestic technology to
aid food preparation and consumption. The book proposes two
theoretical models to rationalize the role of the consumption of
home-grown food and the adoption of domestic technology in
enhancing economies of scale in food consumption. Econometric
models are also used to empirically test the validity of the two
theoretical models while adjusted poverty estimations are derived
numerically using the estimated equivalence scales. Although data
used in applying these techniques are based on four Household
Income and Expenditure Surveys conducted by the Department of
Census and Statistics (DCS) in Sri Lanka, the methodology can be
used for similar analysis in relation to any other country.
This book investigates the relationships between economies of scale
in food consumption and a number of socio-economic and demographic
characteristics of households and household behavioural choices
since food is the major share of household expenditure for poor
households. The characteristics considered comprise household size,
location, income, and gender of the head of household while the
behavioural choices considered comprise the decision to consume
home-grown food and the decision to adopt domestic technology to
aid food preparation and consumption. The book proposes two
theoretical models to rationalize the role of the consumption of
home-grown food and the adoption of domestic technology in
enhancing economies of scale in food consumption. Econometric
models are also used to empirically test the validity of the two
theoretical models while adjusted poverty estimations are derived
numerically using the estimated equivalence scales. Although data
used in applying these techniques are based on four Household
Income and Expenditure Surveys conducted by the Department of
Census and Statistics (DCS) in Sri Lanka, the methodology can be
used for similar analysis in relation to any other country.
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