Income distribution trends and future food demand

This research examines the relationship between income distribution and food demand, focusing on how different income levels and distribution patterns affect the growth rate of food demand. It highlights Engel's law, which states that as income rises, the proportion of income spent on food decreases. The study reviews theoretical literature, critiques current food demand models for their lack of flexibility in incorporating income distribution changes, and performs simulations to predict food demand under various income distribution scenarios.

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The research method involved a literature review of theoretical and empirical studies on income distribution and food demand, critique of current food demand models, and simulations to predict food demand under different income distribution scenarios.

(Generated with the help of GPT-4)

The research explores the theoretical and empirical aspects of the relationship between income distribution and food demand. It critiques existing food demand models for not adequately accounting for income distribution changes, which can significantly impact food demand projections. The study uses Engel's law as a foundation, which posits that the proportion of income spent on food decreases as income increases. The authors perform simulations to predict food demand growth under different income distribution scenarios, suggesting that changes in between-country inequality have a more substantial effect on global food demand than within-country inequality.

(Generated with the help of GPT-4)

Categories: 2050 time horizon | 2050s time horizon | English publication language | Global geographic scope | demand projections | economic growth | engel's law | engel curves | engel’s law | food | food consumption | food demand | food demand models | food modeling | food supply. | income distribution | income growth | income inequality