Some questions concerning dynamic almost ideal demand systems
A paper by Xepanadeas and Habib, that estimates dynamic demand models, is shown to contain some serious errors. Careful consideration of the adding-up condition is shown to be necessary when using demand systems with autoregressive disturbances. Misspecification testing should be used in all empirical work. These points are illustrated using a dynamic almost ideal demand system applied to Swedish dairy data.
Year of publication: |
1996
|
---|---|
Authors: | Edgerton, David ; Shukur, Ghazi |
Published in: |
Applied Economics Letters. - Taylor & Francis Journals, ISSN 1350-4851. - Vol. 3.1996, 11, p. 693-695
|
Publisher: |
Taylor & Francis Journals |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Testing autocorrelation in a system perspective testing autocorrelation
Edgerton, David, (1999)
-
Testing autocorrelation in a system perspective
Edgerton, David L., (1996)
-
The small sample properties of the RESET test as applied to systems of equations
Shukur, Ghazi, (1996)
- More ...