Scientific Research and Essays

  • Abbreviation: Sci. Res. Essays
  • Language: English
  • ISSN: 1992-2248
  • DOI: 10.5897/SRE
  • Start Year: 2006
  • Published Articles: 2752

Full Length Research Paper

Convergence impacts of two growing Asian countries on rice consumption: The case of India and China

Serkan GÜRLÜK
Agricultural Economics Department, Faculty of Agriculture, Uludag University, 16059 Görükle Bursa. 
Email: [email protected]

  •  Accepted: 28 July 2011
  •  Published: 09 May 2012

Abstract

 

In this study, shifting structure of world rice consumption is examined using various rice-consumption models associated with two Asian countries’ data: India and China. The models are tested in terms of statistical significance, economic theory and mathematical rules. The models containing a maximum point entails convergence analysis. The convergence analysis illustrates either how fast countries approach a maximum level of rice consumption or how fast they come to initial rice consumption levels from the maximum. Contrary to common belief, empirical results indicate that rice turns into a “traditional good” from an inferior good.

 

Key words: Rice consumption, mathematical models, convergence, rice.