PhD Seminar (Econ)
Date & time
Processed food exports have become increasingly important for many developing countries over the past few decades. This study estimates price and income elasticities of demand for processed food exports from developing countries using a new quarterly panel dataset for the United States (US) over 1992–2018. The findings indicate that the income elasticity is much larger than is the case for unprocessed food. It is also larger than the income elasticity of demand for processed food imports from developed countries. However, the price elasticity of demand is relatively small. The results suggest that the expansion in the value of US processed food imports from developing countries has been driven by volume growth.