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THE ESTIMATION OF DEMAND FUNCTION FOR RICE IN IRAQ THE PERIED ( 1987 -2011 ) | ||
| Euphrates Journal of Agriculture Science | ||
| Article 1, Volume 5, Issue 4, 2013, Pages 534-541 | ||
| Abstract | ||
| ABSTRACT : Rice is considered one of the main cereal crops in the world and it occupies the third rank after wheat and barley in Iraq. It has high a nutritional and consumptional importance. The objective of the study to determine the effective factors on rice demand through the estimation of rice demand function and also to forecast the expected quantity demanded of rice through the period (2012-2021). The results showed that the most suitable function was the semi-log between the dependent variable ( consumption of rice ) and indepdent variable (rice price , wheat price , national income in fixed prices and population). The results showed that wheat was complement to rice due to the consumption patten of Iraq people . Price elasticity showed that the demand was inelastic for rice , while income elasticity was (1.96) which indicates that rice is a normal commodity. | ||
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