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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.
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.
Author: L. Phlips Publisher: Springer Science & Business Media ISBN: 9401117950 Category : Business & Economics Languages : en Pages : 261
Book Description
In this testament to the distinguished career of H.S. Houthakker a number of Professor Houthakker's friends, former colleagues and former students offer essays which build upon and extend his many contributions to economics in aggregation, consumption, growth and trade. Among the many distinguished contributors are Paul Samuelson, Werner Hildenbrand, John Muellbauer and Lester Telser. The book also includes four previously unpublished papers and notes by its distinguished dedicatee.
Author: David L. Edgerton Publisher: Springer Science & Business Media ISBN: 1461312779 Category : Business & Economics Languages : en Pages : 293
Book Description
This book contains some of the results from the research project "Demand for Food in the Nordic Countries", which was initiated in 1988 by Professor Olof Bolin of the Agricultural University in Ultuna, Sweden and by Professor Karl Iohan Weckman, of the University of Helsinki, Finland. A pilot study was carried out by Bengt Assarsson, which in 1989 led to a successful application for a research grant from the NKJ (The Nordic Contact Body for Agricultural Research) through the national research councils for agricultural research in Denmark, Finland, Norway and Sweden. We are very grateful to Olof Bolin and Karl Iohan Weckman, without whom this project would not have come about, and to the national research councils in the Nordic countries for the generous financial support we have received for this project. We have received comments and suggestions from many colleagues, and this has improved our work substantially. At the start of the project a reference group was formed, consisting of Professor Olof Bolin, Professor Anders Klevmarken, Agr. lie. Gert Aage Nielsen, Professor Karl Iohan Weckman and Cando oecon. Per Halvor Vale. Gert Aage Nielsen left the group early in the project for a position in Landbanken, and was replaced by Professor Lars Otto, while Per Halvor Vale soon joined the research staff. The reference group has given us useful suggestions and encouraged us in our work. Weare very grateful to them.
Author: Michael R. Baye Publisher: Springer Science & Business Media ISBN: 3642465870 Category : Business & Economics Languages : en Pages : 126
Book Description
This material is based upon work supported by the National Science Foundation under grant #SES-8410190. Any opinions, findings, and conclusions or recommendations expressed in this publication are those of the authors and do not necessari~y reflect the views of the National Science Foundation. This support was crucial to the completion of this project, and we are grateful for it. As is usually the case when doing academic research, we are also indebted to a number of individuals. Robert Gillingham, John Greenlees, Jack Triplett, and Paul Harte-Chen freely gave of their time to share their ideas concerning income-based cost of living indices. Seminar participants at the BLS, the University of Karlsruhe, and Tilburg University provided insightful comments on preliminary portions of the manuscript. Bill Stober provided encouragement, and Desmond Lo and Albert Tsui read parts of the manuscript. We owe a special thanks to Bert Balk for providing detailed handwritten comments on a preliminary draft. Evelyn Buchanan and Audrey Abel did an excellent job of typing and retyping numerous drafts of the manuscript. Finally, a very warm thanks to our wives, for enduring. CONTENTS Page PREFACE PART I.
Author: E. Antony Selvanathan Publisher: World Scientific ISBN: 9810240058 Category : Business & Economics Languages : en Pages : 354
Book Description
This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1960-1996) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 50 or so countries and 10 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques.
Author: Michael K. Wohlgenant Publisher: Springer Nature ISBN: 3030731448 Category : Business & Economics Languages : en Pages : 230
Book Description
This textbook addresses the core issues facing economists concerning price determination in commodity markets, especially food and agricultural commodities. This book hones in on the conceptual basis of the various relationships, with special emphasis on market interrelationships, both horizontally and vertically. This book covers key concepts such as consumer demand theory; quality, heterogeneous goods, and cross section demand; derived demand, marketing margins, and relationship between output and raw material prices; retail-to-farm demand linkages, imperfect competition, and short-run price determination; dynamic consumer demand; and dynamic models of the firm. What makes this textbook of particular use to students is its focus on bridging the gap between theory and empirical analysis. Going from theory to empirics requires that we have data—time series or cross section—that match the theoretical constructs. Often the data match is not perfect, either by definition or how the data are computed. In addition to problems of matching data with theoretical constructs, students and researchers need to know how to specify, estimate, and interpret results within the context of imperfect and often incomplete data. This textbook uses several data sets to illustrate how one might address problems in real-world settings. Furthermore, with exercises at the end of each chapter, students are able to test themselves on their ability to bring theory to life.
Author: Ranjan Ray Publisher: Springer ISBN: 9811319308 Category : Business & Economics Languages : en Pages : 442
Book Description
This collection of essays covers a diverse set of topics related to household behavior and welfare. Prices play a key role in several of the essays, particularly the distributional implications of price movements, and the effects of changes in relative prices on inequality and poverty. This book shows the shift in the literature on prices from being an exclusively macro topic featuring the study of inflation and cross-country comparisons to one that is firmly rooted in micro theory-based analysis of household behavior. It also includes recent developments in the poverty measurement literature, documenting the shift from the exclusively money metric and unidimensional poverty measures to multidimensional poverty encompassing a wider view of deprivation. Largely, but not exclusively, focusing on India, the book also features global comparisons of welfare. Intra country spatial comparisons along with cross country comparisons of household behavior and welfare feature in several of the essays in this book. The book also compares the effects of selected public delivery schemes in India on the health of its children. It is a useful resource for researchers and serves as reading material for advanced graduate courses on development in India and elsewhere.
Author: Apostolos Serletis Publisher: World Scientific ISBN: 9812773509 Category : Business & Economics Languages : en Pages : 352
Book Description
This book provides a comprehensive and systematic introduction to the problem of the definition of money and investigates the gains that can be achieved by a rigorous use of microeconomic- and aggregation-theoretic foundations in the construction of monetary aggregates. It provides readers with key aspects of monetary economics and macroeconomics, including monetary aggregation, demand systems, flexible functional forms, long-run monetary neutrality, the welfare cost of inflation, and nonlinear chaotic dynamics. This book offers the following conclusions: the simple-sum approach to monetary aggregation and log-linear money demand functions, currently used by central banks, are inappropriate for monetary policy purposes; the choice of monetary aggregation procedure is crucial in evaluating the welfare cost of inflation; the inter-related problems of monetary aggregation and money demand will be successfully investigated in the context of flexible functional forms that satisfy theoretical regularity globally, pointing the way forward to useful and productive research. Sample Chapter(s). Chapter 1: Consumer Theory and the Demand for Money (1,828 KB). Contents: The Theory of Monetary Aggregation; Money, Prices, and Income; Aggregation, Inflation, and Welfare; Chaotic Monetary Dynamics; Monetary Asset Demand Systems; Dynamic Asset Demand Systems; Empirical Comparisons. Readership: Upper level undergraduates and graduate students in monetary economics, macroeconomics, applied microeconomics and applied econometrics. Of interest to academicians and practitioners as well.
Author: Badi H. Baltagi Publisher: John Wiley & Sons ISBN: 047099830X Category : Business & Economics Languages : en Pages : 736
Book Description
A Companion to Theoretical Econometrics provides a comprehensive reference to the basics of econometrics. This companion focuses on the foundations of the field and at the same time integrates popular topics often encountered by practitioners. The chapters are written by international experts and provide up-to-date research in areas not usually covered by standard econometric texts. Focuses on the foundations of econometrics. Integrates real-world topics encountered by professionals and practitioners. Draws on up-to-date research in areas not covered by standard econometrics texts. Organized to provide clear, accessible information and point to further readings.
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Author: L. Phlips
Author: David L. Edgerton
Author: Michael R. Baye
Author: E. Antony Selvanathan
Author: Michael K. Wohlgenant
Author: Ranjan Ray
Author: Apostolos Serletis
Author: Badi H. Baltagi
Author: Budy Prasetyo Resosudarmo