Regional Consumption Patterns: A System-wide ApproachThe modern system-wide approach to applied demand analysis emphasizes a unity between theory and applications. Its firm foundations in economic theory make it one of the most impressive areas in applied econometrics. As private consumption plays an important role in any regional or multiregional economic model, the main aim of this book is to introduce this modern system-wide approach to the topic of inter-regional consumption comparisons. |
Contents
Empirical regularities in regional consumption | 51 |
An application to regional consumption | 89 |
Regional disparities in consumption patterns | 125 |
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Common terms and phrases
999 simulations analysis Australia average information Beverages Clothing Housing budget share chapter Clothing Housing Durables commodity groups constraint consumers correlations covariance matrix Current price expenditures data-based value database demand equations demand homogeneity demand model demand system Divisia indexes DPit Dqit Durables Medical Transport Food Beverages Clothing Hessian matrix Housing Durables Medical income and price income coefficients income elasticity income flexibility interregional log-changes Logarithm of income luxury marginal shares marginal utility Medical care Transport Medical Transport Miscellane Monte Carlo negative NSW Victoria Queensland null hypothesis obtain OECD own-price elasticities parameters percent level pooled preference independence price elasticities private transport public transport quantity Relative consumption relative price Rotterdam Rotterdam model Section Selvanathan sets of estimates Slutsky symmetry standard errors substitution effect Table Tasmania test statistic transport and communication unweighted utility function vector Weighted mean Working's model zero
References to this book
The Demand for Alcohol, Tobacco and Marijuana: International Evidence Saroja Selvanathan,E. Antony Selvanathan No preview available - 2005 |