Price and Income Elasticities in LAC Countries: The Importance of Domestic Production

Carla Canelas (), François Gardes and Silvia Salazar
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Carla Canelas: PSE - Paris School of Economics - UP1 - Université Paris 1 Panthéon-Sorbonne - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École nationale des ponts et chaussées - CNRS - Centre National de la Recherche Scientifique - INRAE - Institut National de Recherche pour l’Agriculture, l’Alimentation et l’Environnement, CES - Centre d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne - CNRS - Centre National de la Recherche Scientifique

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: The inclusion of time in the household domestic production function allows to calculate full prices that are in turn used to estimate consistent monetary and time elasticities on micro cross-sectional data. This article provides elasticity estimates for different commodity groups in absence of observable price data, solving the persistent problem of price data availability in most developing countries. The estimated price elasticities perform well compared to other methods and can be computed for different sub-populations, which is important for policy design and the calibration of simulation models.

Keywords: demand elasticities; domestic production; time-use; demande du consommateur; bien-être; micro-simulation; impôts; emploi du temps; prix complet (search for similar items in EconPapers)
Date: 2014-05
New Economics Papers: this item is included in nep-agr and nep-cmp
Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-01020350v1
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Citations: View citations in EconPapers (4)

Published in 2014

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Related works:
Working Paper: Price and Income Elasticities in LAC Countries: The Importance of Domestic Production (2014)
Working Paper: Price and Income Elasticities in LAC Countries: The Importance of Domestic Production (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:cesptp:halshs-01020350

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