Economics, Econometrics and Finance
4 years ago

New study reveals how income growth impacts world food demand

HAL (Le Centre pour la Communication Scientifique Directe)
Taking into account the evolution of world food demand in CGE simulations of policy reforms: the role of demand systems
Antoine Bouët, Fabienne Féménia, David Laborde

Paper Summary

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CGE models are used to predict the effects of policy changes in agriculture. As countries like China and India see income growth, it's important to understand how this affects food demand. Different ways of modeling demand can impact the results of these simulations. The study compares different demand functions in CGE models to see how they affect the outcomes.