A Quadratic Almost Ideal Demand System Estimated with Pooled regional Time Series: Approximates Aggregation with an Accounting for Age, Cohort, and Trend Effects.

Starting with a theoretical QUAIDS model at the micro level, an approximate aggregation is developed that allows the model to be applied to time series at the macro level (The approximated aggregation holds for a "representative" consumer with utility equal to the harmonic mean of the individual consumers' utility.)

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Year of publication:	1996
Authors:	Denton, F.T. ; Mountain, D.C. ; Spencer, B.G.
Institutions:	Department of Economics, McMaster University
Subject:	CONSUMPTION \| DEMAND \| ECONOMIC MODELS \| TIME SERIES

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Series:	Quantitative Studies in Economics and Population Research Reports.
Type of publication:	Book / Working Paper
Notes:	44 pages
Classification:	C32 - Time-Series Models ; C53 - Forecasting and Other Model Applications ; D10 - Household Behavior and Family Economics. General
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005405522