- Title
- Farming households’ food demand in South West Nigeria: An application of Substitution Elasticity Demand System (SEDS)
- Creator
- Egbetokun, Olugbenga A, Fraser, Gavin C G
- Subject
- To be catalogued
- Date
- 2023
- Type
- text
- Type
- article
- Identifier
- http://hdl.handle.net/10962/471490
- Identifier
- vital:77458
- Identifier
- https://hdl.handle.net/10520/ejc-aref_v15_n1_a4
- Description
- Food constitutes a key component of a number of fundamental welfare dimensions, such as food security, nutrition and health. It makes up the largest share of total household expenditure in low-income countries, accounting on average for about 50% of the households’ budgets. Most demand analysis use existing models, but this study applied a new model – SEDS to analyse food demand among farming households in South West Nigeria. A multi-stage sampling technique was employed study to select 342 respondents. Primary data was collected through the use of a structured questionnaire. Data collected include information on a number of different food groups consumed by households, socioeconomic characteristics, demographic factors and income. The analytical techniques used were descriptive analysis and the Substitution Elasticity Demand System (SEDS). The result of SEDS shows that own price elasticities were less than 1 except for root and tuber, and fats and oil. It was found that cereals, legumes, fruit and vegetables and animal protein were price inelastic, i.e. necessities, and roots and tubers and fats and oils were price elastic, i.e. luxury goods.
- Format
- 11 pages, pdf
- Language
- English
- Relation
- African Review of Economics and Finance, Egbetokun, O.A. and Fraser, G.C., 2023. Farming households’ food demand in South West Nigeria: An application of Substitution Elasticity Demand System (SEDS). African Review of Economics and Finance, 15(1), pp.56-66, African Review of Economics and Finance volume 15 number 1 56 66 2023
- Rights
- Publisher
- Rights
- Use of this resource is governed by the terms and conditions of the Sabinet Terms and Conditions Statement (https://www.sabinet.co.za/terms-conditions)
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- Visitors: 28
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Collections
Fraser, Gavin C G (Prof)
SDG 15. Life On Land
SDG 02. Zero Hunger
RU Department of Economics and Economic History
SDG 08. Decent Work and Economic Growth
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| View Details Download | SOURCE1 | Farming households’ food demand in South West Nigeria.pdf | 641 KB | Adobe Acrobat PDF | View Details Download |