A Comparison of the Translog and Almost Ideal Demand Models

A version of the Translog demand system is compared with the Almost Ideal demand model within a time series setting, where variables are nonstationary, by testing both models for the theoretical demand propositions of 'homogeneity, symmetry and negativity' and by comparing out of sample forecasting performance. Demographic age and income distributional effects are included in both models.

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Year of publication:	2004-07
Authors:	Attfield, Clifford
Institutions:	School of Economics, Finance and Management, University of Bristol
Subject:	Demand Equations \| Age Demographics \| Nonstationarity

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Extent:	application/pdf
Series:	Bristol Economics Discussion Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	31 pages
Classification:	C1 - Econometric and Statistical Methods: General ; C3 - Econometric Methods: Multiple/Simultaneous Equation Models ; D1 - Household Behavior and Family Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005577216