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ELASTICITY MEASUREMENT OF FOOD DEMAND IN PAKISTAN: CROSS-PRICE AND OWN PRICE ELASTICITY ANALYSIS |
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| รหัสดีโอไอ | |
| Creator | Kausar Naheed, Ijaz Hussain |
| Title | ELASTICITY MEASUREMENT OF FOOD DEMAND IN PAKISTAN: CROSS-PRICE AND OWN PRICE ELASTICITY ANALYSIS |
| Contributor | - |
| Publisher | TuEngr Group |
| Publication Year | 2563 |
| Journal Title | International Transaction Journal of Engineering, Management, & Applied Sciences & Technologies |
| Journal Vol. | 11 |
| Journal No. | 5 |
| Page no. | 11A05S: 1-6 |
| Keyword | Food Demand, Elasticity Measurement, Marshallian elasticity, Food price elasticity, Cross-price elasticity, Elasticity of food demand items. |
| URL Website | http://TuEngr.com/Vol11_5.html |
| Website title | ITJEMAST V11(4) 2020 @ TuEngr.com |
| ISSN | 2228-9860 |
| Abstract | The structural change is considered as the heart of development and each country is required to change its strategies due to the economic changes as well as the shift in external as well as domestic environments. In this connection, Pakistan has experienced different complexed phases during the past decades and thus introduced various reforms towards the different sectors of economies. In many developing countries like Pakistan, nutrient deficiencies tend to hinder the development of human potentials and social and economic development of the country, food biologically is a basic need, hence plays a very impotent role in lifestream of all the existence of human being. As all food items are less or more important but a yardstick which measures their need is called elasticity of food demand items. In Pakistan, starvation, in this regard, is solemn apprehension that is gloomily experienced in children and mothers and no further development is evident. The malnutrition leading causal influences are poor health status and insufficient food intake as subjective to a shortage of resources and deficiency to food access, family size and feeding practices. This study objective also estimates capacities spent and economical stake by projected price elasticity for prediction in the future towards total food demand in Pakistan. |
