Estimation of Engel Curves from Survey Data with Zero Expenditures
The objective of this article is to propose a Bayesian method for estimating a system of Engel functions using survey data that include zero expenditures. We deal explicitly with the problem of zero expenditures in the model and estimate a system of Engel functions that satisfy the adding-up condition. Furthermore, using Markov chain Monte Carlo method, we estimate unobservable parameters, including consumption of commodities, total consumption and equivalence scale, and use their posterior distributions to calculate inequality measures and total consumption elasticities. Copyright (c) Blackwell Publishing Ltd and the Department of Economics, University of Oxford, 2008.
Year of publication: |
2008
|
---|---|
Authors: | Hasegawa, Hikaru ; Ueda, Kazuhiro ; Mori, Kunie |
Published in: |
Oxford Bulletin of Economics and Statistics. - Department of Economics, ISSN 0305-9049. - Vol. 70.2008, 4, p. 535-558
|
Publisher: |
Department of Economics |
Saved in:
freely available
Saved in favorites
Similar items by person
-
Estimation of Engel curves from survey data with zero expenditures
Hasegawa, Hikaru, (2008)
-
Estimation of Engel Curves from Survey Data with Zero Expenditures
Hasegawa, Hikaru, (2008)
-
Measuring chronic and transient components of poverty : a Bayesian approach
Hasegawa, Hikaru, (2007)
- More ...