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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