Agriculture Reference
In-Depth Information
Table A8.2 Income elasticities of final demand implied by the model's
demand parameters
a
Merchandise sector
Rce
0.19
Beverages
0.66
Other crops
0.80
Livestock
1.63
Fish
0.71
Processed food
0.76
Minerals
1.11
Energy
1.24
Light manufacturing
0.85
Heavy manufacturing
1.04
Transport
1.10
Infrastructure servces
1.00
Constructon
1.05
Other servces
1.11
Note:
a
The raw demand parameters are for the CDE (constant dfference of elastctes
of substtuton) system. These ncome elastctes of demand are mpled by those
parameters. Note that a major source of demand for all these product categores s as
ntermedate nputs. These elastctes only characterse the lnk between the dsposable
income of households and the final consumption of these product groups.
Source:
The orgnal 1997 numbers are aggregated from the 57 commodty categores n
the GTAP Version 5 global database, published in 2000. Modifications to the 1997 numbers
are detaled n the text.
