International Review of Business Research Papers
Vol. 14. No. 2., September 2018, Pages: 56 – 75
Food Demand of Different Socio-Economic Groups in Rural Bangladesh: A Quadratic Almost Ideal Demand System
The present study is intended to explore and compare the food demand analysis of 1282 households combining of four dynamic socio-economic groups. A Quadratic Almost Ideal Demand System Model has been considered for estimation. To observe the impact on budget share, the set of predictors has been extended by using various household characteristics. A chronology in demand pattern has been observed according to the economic hierarchy. The necessary foods of the rich are found as the luxury one to the poor. Lastly, the study can be viewed as a lively portrait of the vulnerable situation of chronically poor people.