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Estimation and Analysis of Food Demand Patterns in Vietnam

by 1,2
1
Master Program in Public Policy, VNU Vietnam Japan University, Hanoi 100000, Vietnam
2
Institute of Theoretical and Applied Research, Duy Tan University, Hanoi 100000, Vietnam
Economies 2020, 8(1), 11; https://doi.org/10.3390/economies8010011
Received: 12 November 2019 / Revised: 29 January 2020 / Accepted: 4 February 2020 / Published: 11 February 2020
The paper analyzes food consumption patterns of Vietnamese households, using a complete demand system and socio-demographic information. Demand elasticities are estimated applying a modified Almost Ideal Demand System (AIDS) model on the Vietnamese household survey data in 2006. The results indicate that food consumption patterns in Vietnam are affected by income, price, as well as socio-economic and geographic factors. All food has positive expenditure elasticities and negative own-price elasticities. Rice has mean expenditure elasticity of 0.36 and mean own-price elasticity of −0.80. Using the estimated elasticities, the study finds that when rice prices increase by 20 percent, average household welfare rises by 1.3 percent, yet it is important to note that the benefits and costs are not spread evenly across the population. Overall, middle-income households gain the most, while the poorest households gain the least from higher rice prices. This indicates that support programs should target the poorest quintile, especially the poor in the regions hit hardest by higher prices. More generally, our study points out that targeted food policies should be formulated based on specific food demand patterns in the groups. View Full-Text
Keywords: food demand; food consumption; elasticity; Vietnam food demand; food consumption; elasticity; Vietnam
MDPI and ACS Style

Vu, L.H. Estimation and Analysis of Food Demand Patterns in Vietnam. Economies 2020, 8, 11. https://doi.org/10.3390/economies8010011

AMA Style

Vu LH. Estimation and Analysis of Food Demand Patterns in Vietnam. Economies. 2020; 8(1):11. https://doi.org/10.3390/economies8010011

Chicago/Turabian Style

Vu, Linh H. 2020. "Estimation and Analysis of Food Demand Patterns in Vietnam" Economies 8, no. 1: 11. https://doi.org/10.3390/economies8010011

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