Global Consumption Patterns, Quality And Food Demand

• Published in: IDEAS Working Paper Series from RePEc
• Main Authors: Clements, Kenneth W, Long Hai Vo
• Format: Paper
• Language: English
• Published: St. Louis Federal Reserve Bank of St. Louis 01.01.2021
• Subjects: Consumption

There are significant disparities in the wealth of nations and how incomes are spent. For example, consumers in the poorest countries spend more than half of income on food, while in the richest countries, this is one-tenth or less. We use the recently published data from the International Compariso...