Evaluation of Demand Functions for foodstuffs in Russian Economy (press-release)

The IET's press-office informs of a new research paper (No. 118) entitled "Evaluation of Demand Functions for foodstuffs in Russian Economy" (M.: IET, 2008. - 166 p.) by A. Bondarev was published under the series "Research Papers".

This research deals with evaluation of customer demand of Russian household on the basis of income and expenditure data. The publication provides compara-tive review of customer demand theoretical models, and also provides justifica-tion for economic models from the customer demand point of view. Obtained results according to elasticity of demand can be used in medium term forecasts of customer demand. The final outcome of the paper is calculation between and within demand component based on the panel structure of applied data for prices and income as well as calculation of substitution effects and income.

The publication of the present paper was sponsored with the grant from the United States Agency for International Development (USAID).

The paper is available in Russian.