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This article proposes a semiparametric two-step procedure for estimating a censored consumer demand system with micro data. The semiparametric estimator considered in the first step is suggested by Klein and Spady (1993). This estimator, used as a counterpart of the probit estimator in a...
Persistent link: https://www.econbiz.de/10005038960
Whether food demand is "converging" is tested in two ways. First, the convergence of food expenditures among 18 high-income countries is examined from 1990 to 2004. Convergence is apparent in total expenditures, cereals, and meats, even after correcting for differences in income and levels of...
Persistent link: https://www.econbiz.de/10004979666
Average yearly expenditures on food in U.S. urban households increased between 2003 and 2004. Over the period, annual per capita spending on food rose from $2,035 to $2,207. The 2004 average comprises $1,347 spent on food consumed at home and $860 spent on food consumed away from home. These...
Persistent link: https://www.econbiz.de/10008519019
. A model of food demand is estimated using Bayesian methods that accounts for censoring and infrequency of purchase (the …
Persistent link: https://www.econbiz.de/10009368325
A censored demand system estimator is proposed by extending the sample selection model of Heckman. Censoring is …
Persistent link: https://www.econbiz.de/10005500428
. A model of food demand is estimated using Bayesian methods that accounts for censoring and infrequency of purchase (the …
Persistent link: https://www.econbiz.de/10009445849
In this study, meat consumption and socio-demographic data from the 1990, 1993 and 1996 SUSENAS Household Food Expenditure and Consumption Surveys were employed to estimate the demand for meats in Indonesia. The provinces of DKI Jakarta and West Java were chosen as the areas of study because of...
Persistent link: https://www.econbiz.de/10010913194
Average weekly total food expenditures rose from $21.55 per person in 1982 to $22.55 in 1984. Weekly spending per person for food consumed at home increased from $14.08 to $14.52 and from $7.48 to $8.03 for food consumed away from home. This report presents information on weekly food...
Persistent link: https://www.econbiz.de/10010911619
The use of proxy variables to control for unobservables when estimating a production function has become increasingly popular in empirical works in recent years. The present paper aims to contribute to this literature in three important ways. First, we provide a structured review of the...
Persistent link: https://www.econbiz.de/10009350368
The use of proxy variables to control for unobservables when estimating a production function has become increasingly popular in empirical works in recent years. The present paper aims to contribute to this literature in three important ways. First, we provide a structured review of the...
Persistent link: https://www.econbiz.de/10009350477