Dynamic demand systems have been employed in a number of studies to account for habit formation and inventory adjustments in demand. Few studies have attempted to provide a theoretical foundation for the dynamic demand structures employed. Recently, Bushehri (2003) showed how a generalized...

Dynamic demand systems have been employed in a number of studies to account for habit formation and inventory adjustments in demand. Few studies have attempted to provide a theoretical foundation for the dynamic demand structures employed. Recently, Bushehri (2003) showed how a generalized...

The Rotterdam model, a complete consumer demand system, was fitted to personal consumption expenditure data for 1949-77 to study the interaction of consumer expenditures A full matrix of direct and cross price elasticities and income elasticities was estimated The 12 categories of expenditures...

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Paper for presentation at the Northeastern Agricultural & Resource Economics Association’s Workshop on Economics and Child Nutrition Programs, AAEA & NAREA Joint Annual Meeting, Pittsburgh, Pennsylvania, July 23, 2011.

This paper provides an opportunity for the reader to get an insight into the current modelling work atthe Research Institute for Agricultural Economics, Hungary (AKI). After giving a short summary ofthe applied econometric models in the past decade, our latest development, the farm group...

This paper aims to provide a flexible methodological framework to estimate import demandmodels, which explicitly considers the stochastic properties of data and the endogenous/exogenousnature of some variables. The French imports of virgin olive oil have been used as a case study withSpain,...

This paper aims at making the world price endogenous within the AGMEMOD modelling approach. Thisapproach constructs country-level commodity market models where supply and demand sides are equalizedon the basis of the observed domestic prices. These prices are endogenous as they depend...