Residential College | false |
Status | 已發表Published |
Effective global regularity and empirical modelling of direct, inverse, and mixed demand systems | |
McLaren,Keith R.1; Wong,K. K Gary2 | |
2009-04-21 | |
Source Publication | Canadian Journal of Economics |
ABS Journal Level | 3 |
ISSN | 00084085 15405982 |
Volume | 42Issue:2Pages:749-770 |
Abstract | This paper utilizes the notion of 'effective global regularity' and the intuition stemming from Cooper and McLaren (1996)'s General Exponential Form to develop a family of 'composite' (product and ratio) direct, inverse and mixed demand systems. Apart from having larger regularity regions, the resulting specifications are also of potentially arbitrary rank, which can better approximate non-linear Engel curves. We also make extensive use of duality theory and a numerical inversion estimation method to rectify the endogeneity problem encountered in the estimation of the mixed demand systems. We illustrate the techniques by estimating different types of demand systems for Japanese quarterly meat and fish consumption. © 2009 Canadian Economics Association. |
DOI | 10.1111/j.1540-5982.2009.01526.x |
URL | View the original |
Language | 英語English |
WOS ID | WOS:000264822800015 |
Scopus ID | 2-s2.0-64649103188 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | University of Macau |
Affiliation | 1.Department of Econometrics and Business StatisticsMonash University,Australia 2.Department of EconomicsUniversity of Macau,Macao |
Recommended Citation GB/T 7714 | McLaren,Keith R.,Wong,K. K Gary. Effective global regularity and empirical modelling of direct, inverse, and mixed demand systems[J]. Canadian Journal of Economics, 2009, 42(2), 749-770. |
APA | McLaren,Keith R.., & Wong,K. K Gary (2009). Effective global regularity and empirical modelling of direct, inverse, and mixed demand systems. Canadian Journal of Economics, 42(2), 749-770. |
MLA | McLaren,Keith R.,et al."Effective global regularity and empirical modelling of direct, inverse, and mixed demand systems".Canadian Journal of Economics 42.2(2009):749-770. |
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