Residential College | false |
Status | 已發表Published |
Effective Global Regularity and Empirical Modeling of Direct, Inverse and Mixed Demand Systems | |
McLaren, Keith R1; Wong, K. K. Gary2 | |
2009-05 | |
Source Publication | CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE |
ABS Journal Level | 3 |
ISSN | 0008-4085 |
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. |
DOI | 10.1111/j.1540-5982.2009.01526.x |
Indexed By | SSCI |
Language | 英語English |
WOS Research Area | Business & Economics |
WOS Subject | Economics |
WOS ID | WOS:000264822800015 |
Scopus ID | 2-s2.0-64649103188 |
Fulltext Access | |
Citation statistics | |
Document Type | Journal article |
Collection | Faculty of Social Sciences DEPARTMENT OF ECONOMICS |
Affiliation | 1.Monash Univ, Dept Econometr & Business Stat, Clayton, Vic 3800, Australia 2.Univ Macau, Dept Econ, Taipa, Peoples R China |
Recommended Citation GB/T 7714 | McLaren, Keith R,Wong, K. K. Gary. Effective Global Regularity and Empirical Modeling of Direct, Inverse and Mixed Demand Systems[J]. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 2009, 42(2), 749-770. |
APA | McLaren, Keith R., & Wong, K. K. Gary (2009). Effective Global Regularity and Empirical Modeling of Direct, Inverse and Mixed Demand Systems. CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE, 42(2), 749-770. |
MLA | McLaren, Keith R,et al."Effective Global Regularity and Empirical Modeling of Direct, Inverse and Mixed Demand Systems".CANADIAN JOURNAL OF ECONOMICS-REVUE CANADIENNE D ECONOMIQUE 42.2(2009):749-770. |
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