Income Growth and International Meat Consumption
Ted C. Schroeder, Andrew Barkley, Kathi C. Schroeder
Abstract
Ted C. Schroeder, Andrew Barkley, Kathi C. Schroeder
Abstract
With technological adoption and trade liberalization, per capita incomes have grown rapidly in industrialized countries. Income growth has resulted in increased per capita meat consumption. Projecting future meat consumption requires quantifying the relationship between per capita income and meat consumption. This study estimates the relationship between income growth and meat consumption using data from 32 countries. Beef, pork, poultry, and lamb income elasticities declined at different rates as income levels increased. High income countries have experienced relatively constant per capita meat consumption. Low income counmes with low income growth have had stagnant meat consumption. Low income countries with growing incomes have experienced increasing meat consumption. Countries such as China characterized by relatively large income growth and moderate population growth have experienced large increases in total meat consumption.
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With technological adoption and trade liberalization, per capita incomes have grown rapidly in industrialized countries. Income growth has resulted in increased per capita meat consumption. Projecting future meat consumption requires quantifying the relationship between per capita income and meat consumption. This study estimates the relationship between income growth and meat consumption using data from 32 countries. Beef, pork, poultry, and lamb income elasticities declined at different rates as income levels increased. High income countries have experienced relatively constant per capita meat consumption. Low income counmes with low income growth have had stagnant meat consumption. Low income countries with growing incomes have experienced increasing meat consumption. Countries such as China characterized by relatively large income growth and moderate population growth have experienced large increases in total meat consumption.
Key concepts: Consumption (sociology), Per capita income, Per capita, Economics, Population, Agricultural economics, Liberalization, Population growth