AN ANALYSIS OF AGRICULTURAL HOUSEHOLD’S MEAT CONSUMPTION EXPENDITURE PATTERN IN THE NORTHEAST OF THAILAND IN 2017
DOI:
https://doi.org/10.14456/nrru-rdi.2020.49Keywords:
Consumption expenditure pattern, Agricultural household, Almost Ideal Demand System (AIDS) ModelAbstract
The objective of this research was to study the factors affecting the pattern and the estimation of agricultural households’ meat consumption expenditure in the northeast of Thailand. The data was drawn from the National Statistical Office of Thailand. The researchers used the economic survey in the northeast region in 2017 as the study group. The analysis used in the study was the Almost Ideal Demand System (AIDS) to estimate the Engel Curve equation by using the ordinary least squares (OLS) technique.
The study found that the pattern of agricultural households’ meat consumption expenditure in the northeast of Thailand varied due to different factors, including sex, age, educational background, and marital status of the head of the household, as well as geographic location of the household, including whether a household was inside or outside the municipality and the Province. The analysis of the responses to the households’ meat consumption expenditure in 2017 showed that the elasticity of household meat consumption expenditure in the meat and poultry section and the fish and aquatic animal section was both greater than 1. This implied that meat was a luxury good. In addition, the responses of households outside the municipality to the income and meat consumption expenditure was higher than the responses of households inside the municipality. That is, the households outside the municipality would consume a higher volume of meat as their income increased.
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