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Edible Oil and Fat Consumption and Income-Expenditure Elasticity: A Cross Section Study

Keywords: Oil consumption , income expenditure , elasticity

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Abstract:

The aim of this study was to determine the amount of edible oil and fat consumption and income-expenditure elasticities of households in central county of Tokat province, Turkey. Monthly oil and fat consumption per household was determined as 0.98 kg cultured butter, 0.40 kg margarine, 0.83 kg olive oil, 1.57 kg sunflower oil, 1.30 kg corn (grem) oil, 0.46 kg hazelnut oil, 0.04 kg mixed vegetable oil and 0.02 kg soybean oil. It was calculated that 1.95% of household income ($15.38) was spent on edible oil and fat consumption. Taking into total oil and fat consumption, income-expenditure elasticity and marginal propensity to consume were calculated as 0.8493 and 0.0017, respectively.

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