Showing 1 - 10 of 11
Persistent link: https://www.econbiz.de/10005191964
A third-order translog is estimated using Canadian cross-sectional micro-data, stratified by four family sizes. Third-order terms and family size are found to be statistically important explanatory variables. Homogeneity and symmetry restrictions are also rejected for the third-order translog,...
Persistent link: https://www.econbiz.de/10005466999
General and commodity-specific equivalence scales are estimated with Canadian microdata. The former are identifiable when exact aggregation is imposed. However, these identifiability restrictions can be tested, as can homogeneity and symmetry in the model employed here. Exact aggregation is not...
Persistent link: https://www.econbiz.de/10005035675
We propose a test which could be widely applied to determine to adequacy of model which approximate unknown functional forms. As an illustration, the translog system of budget-share equations is rejected as an approximate specification using Christensen, Jorgenson and Lau's (1975) data.
Persistent link: https://www.econbiz.de/10005688276
Persistent link: https://www.econbiz.de/10005770555
This paper assesses the importance of exact aggregation restrictions in the context of Jorgenson, Lau and Stoker's (1982) model of aggregate consumer behaviour, and analyzes demographic variables. We find the exact aggregation restrictions are strongly rejected by the data, and stratification of...
Persistent link: https://www.econbiz.de/10005787793
Persistent link: https://www.econbiz.de/10005315051
A model of consumer behavior is estimated by pooling Canadian cross-sectional and time-series data. In contrast to a similar study by D. W. Jorgenson, L. J. Lau, and T. M. Stoker (1982), exact aggregation, homogeneity, and symmetry are not imposed but are tested. Exact aggregation is rejected....
Persistent link: https://www.econbiz.de/10005271851
Various large sample estimation techniques in a nonlinear regression model are presented. These estimators are based around preliminary tests of significance, and the James–Stein rule. The properties of these estimators are studied when estimating regression coefficients in the multiple...
Persistent link: https://www.econbiz.de/10010617660
This study draws attention to empirical evidence for the United Kingdom and Canada rejecting the separability of household commodity demands from labor supply. As might be anticipated on the basis of these rejections, using Canadian data, we find clear patterns in the average expenditure shares...
Persistent link: https://www.econbiz.de/10008679796