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An Empirical Analysis Of Demand Interrelationships: An Application To Selected Agricultural Commodities In Venezuela, Hector Luis Mata Brito
An Empirical Analysis Of Demand Interrelationships: An Application To Selected Agricultural Commodities In Venezuela, Hector Luis Mata Brito
All Graduate Theses and Dissertations, Spring 1920 to Summer 2023
The primary objective of this study was to develop demand equations at retail for selected Venezuelan food commodities. Commodities included for analysis were rice, refined sugar, crude sugar, flour, potatoes, beef, pork, black beans, corn, and powdered milk.
The basic statistical technique employed in the analysis was least squares multiple regression. Although several mathematical forms for these demand equations were evaluated, a log-log transform was found to be most useful. Independent variables included own price, prices of substitutes and complements, time and income. Observations were taken from Venezuelan time series data over the period 1945-1965.
Development of these basic demand …