Household’S Demand For Animal Food: An Empirical Investigation From Pakistan
Abstract
The objective of study is to investigate household demand system for animal food in Pakistan. To accomplish this purpose Household Integrated Economic Survey data from 2018 to 2019 is taken for three different basket of animal food (i.e. meat, milk and fish). Household behavior is also analyzed by estimating on price, cross price and income elasticities of there different commodities groups. Empirical outcome of Almost Ideal Demand System (AIDS) indicates that income elasticities are positive for meat, milk and negative for fish. It implies household increase the demand for milk and meat as their income uplift. In case of own price elasticity milk is necessary and meat is luxury group. While, in case of cross price elasticity all of the three commodities groups are substitute to each other.
Keywords: Almost demand System, animal food demand, microdata, Pakistan.