“ESTIMATION OF FOOD CONSUMPTION PATTERN OF PAKISTAN; APPLICATION OF THE QUAIDS MODEL USING MICRO-DATA”
Keywords:QUAIDS Model, Elasticities, Food Demand System.
This paper has three motivational aspects one is the changing food consumption pattern. Two is the detailed food demand analysis and three is the future prediction for food policy analysis. The theme of the paper is to examine the consumption pattern of the 10 major food groups of Pakistan by using the Quadratic Almost Ideal Demand System (QUAIDS). This paper uses HIES data (Round XI), year 2015-16. Marginal effects of economic and demographic variables are estimated. We also estimated the expenditure elasticities as well as price elasticities (Marshallian and Hicksian elasticities). The results show that all the expenditure elasticities and price elasticities are significant in most of the food groups. Their own-price elasticities have the highest value showing the importance of its own-price with respect to their demand. As for as cross-price elasticities are concerned, they show the mixture of the complementary and substitute groups, as are represented by their signs.