Author: A. P. BartenPublisher:
ISBN:
Category :
Languages : en
Pages : 21
Book Description
Simultaneous Estimation of a Complete System of Demand Equations
Author: A. P. BartenFormulation and Estimation of a Complete System of Demand Equations
Author: Arshad ZamanPublisher:
ISBN:
Category : Consumption (Economics)
Languages : en
Pages : 488
Book Description
Maximum Likelihood Estimation of a Complete System of Demand Equations
Author: A. P. BartenResearch Paper PNW.
Author: Publisher:
ISBN:
Category : Forests and forestry
Languages : en
Pages : 710
Book Description
Demand System Specification and Estimation
Author: Publisher:
ISBN: 0195356438
Category : Consumer behavior
Languages : en
Pages : 234
Book Description
This study of demand analysis links economic theory to empirical analysis. It demonstrates how theory can be used to specify equation systems suitable for empirical analysis, and discusses demand systems estimation using both per capita time series and household budget data.
Demand Systems Estimation
Author: Stanley R. JohnsonPublisher: Ames : Iowa State University Press
ISBN:
Category : Business & Economics
Languages : en
Pages : 200
Book Description
Simultaneous Estimation of Permanent Income in a System of Demand Equations
Author: Meinhard JanssenRecent Developments in Applied Demand Analysis
Author: E.A. SelvanathanPublisher: Springer Science & Business Media
ISBN: 364285205X
Category : Business & Economics
Languages : en
Pages : 418
Book Description
The study of consumer demand is important for a number of reasons. First, as total consumption absorbs more than 70 percent of GDP in most countries, it is the largest of the macroeconomic aggregates, thus having great significance for the state of the economy as a whole and business conditions. Second, the pattern of consumption contains a wealth of useful information regarding economic welfare and living standards. Closely allied to this is that as consumption (both current and future) is the ultimate objective of all economic activity and economic systems (mercantilists notwithstanding), in a fundamental sense consumption patterns are an objective way of measuring and assessing economic performance. Finally, an understanding of the price-responsiveness of consumption is of crucial importance for a host of microeconomic policy issues including public-utility pricing, the measurement of distortions, optimal taxation and the treatment of externalities. The analysis of consumer demand is one of the major successes of economics as it represents the near perfect marriage of theory and econometrics, a situation almost unparalleled in any other field of economics. This field has attracted a lot of attention since the introduction of the linear expenditure system and its application to British data by Stone (1954), followed by the differential demand system of Barten (1964) and Theil (1965, 1975176, 1980) and developments thereafter.
DEMAND SYSTEMS FOR AGRICULTURAL PRODUCTS IN THE OECD COUNTRIES.
Author: Publisher:
ISBN:
Category :
Languages : en
Pages :
Book Description
The estimation of demand equations provides the earliest example of the use of statistical and econometric techniques on economic data. It is possible to identify two distinct approaches to the estimation of demand equations. The first and original approach concentrated on the demand for particular goods by paying attention to any special characteristics of the single market involved. The second approach involved simultaneous estimation of complete systems containing the demand equations for every commodity group purchased by consumers. The estimation of a complete system of demand equations in principle enables us to obtain better estimates of each equation in the system than the first approach because of interaction in the demand behavior of different commodities. This study is directed towards the estimation of demand systems for agricultural products in the OECD countries. Three representatives demand systems with their extensions, namely the Rotterdam Model, An Almost Ideal Demand System (AIDS), and CBS model are used. These models are estimated by Seemingly Unrelated Regression (SUR) method. The procedures to estimate demand systems suggest significant empirical regularities for agricultural products in the OECD countries. The main contribution of this study is its procedure for model selection. This procedure implies the superiority of AIDS and CBS models over the Rotterdam model.
Models and Projections of Demand in Post-War Britain
Author: Angus DeatonPublisher: Springer
ISBN: 1489931139
Category : Business & Economics
Languages : en
Pages : 271
Book Description
The first number of our earlier series, A Programme for Growth, carried a notice of forthcoming papers. Five were announced but eventually only four were published. The fifth, which was intended to deal with consumption functions, never appeared; now it takes its place as number one in the new series. It is not that ten years ago we had nothing to say on the subject of consumers' behaviour. The crude estimation method that I had used in my original (1954) paper on the linear expenditure system gave interesting and in many respects satisfactory results, some of which were published outside our series, for instance in Stone, Brown and ). With this method the parameter estimates changed Rowe ( 1964 very little after the first few iterations. Nevertheless they did change, and with the computing resources then at our disposal we failed to reach convergence. It was mainly for this reason that we decided to wait.