Gaiha, Raghav; Jha, Raghbendra; Kulkarni, Vani
In response to the Deaton and Dreze (2009) explanation of a downward shift in the calorie Engel curve in terms of lower requirements due to health improvements and lower activity levels in India, we develop an alternative explanation embedded in a standard demand theory framework, with food prices and expenditure (as a proxy for income) cast in a pivotal role. We find robust food price and expenditure effects and shifting food price elasticities. There are shifts in demands due to factors other...[Show more]
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