Table 3.
Compensated own-price and cross-price demand elasticities estimated through LA-QUAIDS.
| Variable | WO | WE | WM | WY | WYF | WB | WG | WP | WV | WF | WMT | WBV | WFO |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| WO | −1.64 | −0.03 | 0.02 | 0.01 | 0.01 | 0.00 | 0.01 | 0.02 | 0.02 | 0.02 | 0.01 | 0.01 | 0.01 |
| 0.00 | 0.45 | 0.01 | 0.38 | 0.06 | 0.41 | 0.09 | 0.00 | 0.00 | 0.00 | 0.39 | 0.03 | 0.43 | |
| WE | 0.01 | −1.51 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.16 | 0.00 | 0.33 | 0.10 | 0.43 | 0.59 | 0.61 | 0.78 | 0.29 | 0.93 | 0.87 | 0.62 | 0.84 | |
| WM | 0.15 | 1.59 | −8.74 | 1.09 | 2.08 | 0.74 | 1.16 | 0.02 | −0.48 | −0.08 | 2.40 | 1.73 | 1.00 |
| 0.61 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.68 | 0.00 | 0.38 | 0.00 | 0.00 | 0.00 | |
| WY | 0.01 | −0.23 | −0.05 | −0.52 | −0.03 | −0.02 | −0.03 | −0.02 | −0.03 | −0.02 | −0.03 | 0.00 | –0.02 |
| 0.51 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.16 | 0.00 | |
| WYF | −0.08 | −1.10 | 5.99 | −0.71 | −1.53 | −0.48 | −0.70 | 0.02 | 0.31 | 0.08 | −1.69 | −1.28 | −0.70 |
| 0.67 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.65 | 0.00 | 0.16 | 0.00 | 0.00 | 0.00 | |
| WB | 2.76 | 24.66 | −134.18 | 15.59 | 22.63 | 10.51 | 16.68 | 3.93 | −5.88 | −0.34 | 37.33 | 24.72 | 13.71 |
| 0.53 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.80 | 0.00 | 0.00 | 0.00 | |
| WG | −1.76 | −17.57 | 96.24 | −11.72 | −15.42 | −8.02 | −12.43 | −3.26 | 4.03 | 0.35 | −27.31 | −18.07 | −10.05 |
| 0.58 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.72 | 0.00 | 0.00 | 0.00 | |
| WP | 0.27 | 3.24 | −18.07 | 2.14 | 3.49 | 1.47 | 2.20 | 0.44 | −0.82 | −0.14 | 5.08 | 3.45 | 1.98 |
| 0.65 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.43 | 0.00 | 0.00 | 0.00 | |
| WV | 0.79 | 4.11 | −21.36 | 2.32 | 2.60 | 1.76 | 2.79 | 1.16 | −1.69 | 0.22 | 6.44 | 3.69 | 2.06 |
| 0.27 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.35 | 0.00 | 0.00 | 0.00 | |
| WF | 0.85 | 10.44 | −59.22 | 7.93 | 8.55 | 4.82 | 7.17 | 0.90 | −2.41 | −1.04 | 16.90 | 10.84 | 6.21 |
| 0.66 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.07 | 0.00 | 0.00 | 0.00 | |
| WMT | −0.02 | −0.92 | 7.14 | −1.74 | −1.52 | −0.50 | −1.30 | 0.14 | 0.47 | −0.02 | −3.60 | −1.47 | −0.83 |
| 0.94 | 0.02 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.70 | 0.00 | 0.00 | 0.00 | |
| WBV | 0.02 | 0.14 | −1.34 | 0.21 | 0.13 | 0.09 | 0.29 | 0.00 | −0.14 | −0.01 | 0.23 | 0.31 | 0.47 |
| 0.63 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.54 | 0.00 | 0.25 | 0.00 | 0.00 | 0.00 | |
| WFO | 0.38 | 5.49 | −33.33 | 4.17 | 7.07 | 2.63 | 4.41 | −0.66 | −1.93 | −0.40 | 8.86 | 6.03 | 2.96 |
| 0.73 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.20 | 0.00 | 0.00 | 0.00 |
Numbers just below estimated coefficients represent p-values. Estimated coefficients in bold font show the parameters that are statistically significant at alpha level ≤ 0.10. Abbreviations of food items are as follows: WO, local rice; WE, Foreign rice; WM, Maize; WY, Yam; WFY, Yam Flour; WB, Beans; WG, Cassava (Gari); WP, Plantain; WV, Vegetable; WF, Fruits; WMT, Meat; WBV, Beverages; and WFO, Fat & Oil.