Publications

Detailed Information

On the Estimation of an Almost Ideal Demand System with Autoregressive Errors

Cited 0 time in Web of Science Cited 0 time in Scopus
Authors

Kim, Yongkyu

Issue Date
1994-10
Publisher
Institute of Economic Research, Seoul National University
Citation
Seoul Journal of Economics, Vol.7 No.4, pp. 361-382
Keywords
GLS estimation procedureAlmost Ideal Demand Systemhabit formation
Abstract
A new GLS estimation procedure is employed in the estimation of a dynamic version of Almost Ideal Demand System with vector autoregressive errors. The procedure enables us to have more natural form of autoregressive parameters. Also, a new habit formation specification obeying the adding up restriction is proposed. In an application for four categories of food in the U.S., test results show that the error process is a first order vector autoregressive process and that the demand system is characterized by habit formation.
ISSN
1225-0279
Language
English
URI
https://hdl.handle.net/10371/1050
Files in This Item:
Appears in Collections:

Altmetrics

Item View & Download Count

  • mendeley

Items in S-Space are protected by copyright, with all rights reserved, unless otherwise indicated.

Share