Abstract
This paper provides an empirical analysis of wheat consumption in Pakistan for the period 1975 to 2006 using cointegration analysis and error correction model. The estimated long and short-run elasticities suggest that income is the most significant determinant of wheat consumption in the long run while price of wheat is the major affecting factor of wheat consumption only in the short run. The less elastic nature of wheat demand both in the short and the long run suggests that under the likely Doha Round agricultural trade liberalization, wheat price rise will harm the poor consumers.
Jel Code:
Article Details
- Year: 2009
- Volume: 30
- Issue: 4
- Pages: 87 - 104
- Accepted: 05.11.2009
-
DOI:
https://doi.org/10.5281/zenodo.21022072 -
Full Text (PDF)
1 Views 1 Downloads
How to Cite?
Tahir Mukhtar, Muhammad Ilyas (2009). Cointegration and Error-Correction Modelling of Wheat Consumption in Pakistan. Journal of Economic Cooperation and Development, 30(4), 87-104. https://doi.org/10.5281/zenodo.21022072
