Affluence and Food: A Simple Way to Infer Incomes - The University ...

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2. Q * = geometric mean of Q c3. SD=st<strong>and</strong>ard deviation.FIGURE 4ACTUAL AND PREDICTED INCOME(Logarithms × 100 )Actual100A = P500-150 -100 -50 0 50 100-50-100y = 0.355 + 1.027x, R0(1.067) (0.024)2Predicted= 0.978H : Intercept = 0, slope = 1F = 0.660-15028
FIGURE 5OBSERVED AND SIMULATED CROSS-COUNTRY INCOME COMPARISONSI. ObservedII. Simulated29
Page 1 and 2: ECONOMICSAFFLUENCE AND FOODA Simple
Page 3: 1. IntroductionEconomists’ fascin
Page 6 and 7: etween food consumption and income,
Page 8 and 9: where φ is the income flexibility
Page 11: higher share, so that in effect we
Page 15: APPENDIXAll data are from the OECD
Page 18 and 19: To further interpret the relative p
Page 20 and 21: REFERENCESBarlow, R. (1977). “A T
Page 22 and 23: TABLE 2MATRIX OF CHANGES IN FOOD BU
Page 24 and 25: TABLE 4MATRIX OF RATIOS OF CHANGES
Page 26 and 27: SCATTER OF CHANGES IN FOOD BUDGET S
Page 28 and 29: TABLE 5THE FLORIDA MODEL: ESTIMATES
Page 32 and 33: FIGURE 6TWO MEASURES OF INCOME DIFF
Page 34 and 35: TABLE 7SIMULATED INCOME DIFFERENCES
Page 36 and 37: TABLE 8PROBABILITY OF INCOME DIFFER
Page 38 and 39: TABLE A1BUDGET SHARES OF 12 GOODS I
Page 40 and 41: TABLE A3VOLUME OF CONSUMPTION PER C
Page 42: TABLE A5CONSUMPTION AND GDP PER CAP

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