Australian domestic demand elasticities for rural marketing and policy analysis

Summary

The aim of the proposed project is to estimate a full systems based set of Australian domestic demand elasticities for foods and other major elements of household spending. The research will update and refine existing information and – very importantly – will provide a significantly increased range of disaggregated individual commodity or product level elasticities. In the food group it should be possible to estimate elasticities for perhaps 40 or more individual products and product groups. We expect to be able to derive elasticity estimates for items such as RIRDC’s “target” commodities rice, chicken meat (poultry) and honey and also for “minor products” (eg pasta, fresh bananas, pumpkins, citrus) for which such information is now not available. The research is designed to fill the gap due to the public good nature of the proposed work and so to provide an accessible basic reference source for marketing and domestic and trade policy analysis for some years to come.

Program

National Rural Issues

Research Organisation

Deakin University (a body politic and corporate established pursuant to the Deakin University Act 2009 (Vic))

Objective Summary

The aim of the proposed project is to estimate a full systems based set of Australian domestic demand elasticities for foods and other major elements of household spending. The research will update and refine existing information and – very importantly – will provide a significantly increased range of disaggregated individual commodity or product level elasticities.

Project Code

PRJ-000296

Project Stage

Closed

Project Start Date

Monday, February 5, 2007

Project Completion Date

Friday, April 1, 2011

Journal Articles From Project

Not Available

National Priority

Frontier technologies for building and transforming Australian industries

National Priority

Advanced Technology

National Priority

NRI-National Rural Issues

Contact

Related publications

21.10.11

How Price Affects the Demand for Food in Australia Precis