Title:

Elasticity of consumer demand: estimation using a Quad- Ratic Almost Ideal Demand System

Group publication title:

Ekonometria = Econometrics

Title in english:

Elastyczność popytu konsumpcyjnego: estymacja na podstawie Quadratic Almost Ideal Demand System

Creator:

Gostkowski, Michał

Subject and Keywords:

complete demand system ; Quadratic Almost Ideal Demand System ; QUAIDS ; elasticity of demand ; kompletny model popytu ; elastyczność popytu

Description:

Econometrics = Ekonometria, 2018, Vol. 22, No. 1, s. 68-78

Abstrakt:

This paper analyzes consumer demand using a Quadratic Almost Ideal Demand System (QUAIDS), which is an extension of an Almost Ideal Demand System (a complete demand system). Complete demand system models can be used to find the relationships that are impossible to discover using single-equation models. Additionally, the QUAIDS model can be used to model a nonlinear Engel curve. The research was based on household microeconomic data collected by GUS (the Polish Central Statistical Office) in the period 1999-2015. The complete demand model has been extended by demographic variable. The results show that the QUAIDS model does not reduce to the AIDS model and is an adequate tool to analyze consumer demand

Publisher:

Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu

Place of publication:

Wrocław

Date:

2018

Resource Type:

artykuł

Format:

application/pdf

Resource Identifier:

doi:10.15611/eada.2018.1.05

Language:

eng

Relation:

Advances in Applied Data Analysis ; Econometrics = Ekonometria, 2018, Vol. 22, No. 1

Rights:

Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy

Access Rights:

Dla wszystkich zgodnie z licencją

License:

CC BY-NC-ND 3.0 PL

Location:

Uniwersytet Ekonomiczny we Wrocławiu