Food Prices and Overweight Patterns in Italy



Table 4: Long-run estimated elasticities of demand system (equation 7)

Hicksian Price Elasticities

Income Elasticities

(1)

(2)

(3)

(1) Healthy foods

-0.774

0.402

0.371

1.591

(.134)

(.106)

(.092)

(.801)

[-5.776]

[3.793]

[4.032]

[1.988]

(2) Unhealthy foods

0.5361

-0.573

0.037

0.802

(.154)

(.201)

(0.015)

(1.428)

[3.481]

[-2.855]

[2.466]

[0.560]

(3) Other foods and non-durable goods

0.082

0.006

-0.088

0.902

(.021)

(.0036 )

(.029)

(.824)

[3.904]

[1.668]

[-3.034]

[1.094]

Notes: Standard errors obtained by bootstrap procedure in round brackets; student’s t-test in square
brackets.

40



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