This paper derives a complete system of commodity-expenditure and money demand equations. This approach seeks to: 1) unify the treatment of joint intertemporal decisions regarding the allocation of income and savings to expenditures on commodities; 2) accommodate a treatment of durable goods; 3)...

This note applies the results of Milliken and Graybill (1970) to non-nested regression models. A test proposed by Fisher and McAleer (1981) is shown to have the t-distribution in small samples. An extended version of that test is developed for testing a model against several non-linear...

This paper demonstrates that the extended linear expenditure system with durables (DELES) satisfies first-order conditions for local unidentifiability, and discuss alternative methods that might be used to achieve identifiability, as well as their implications. Estimates are presented using...

This paper analyzes a systems approach to expenditure on different commodities by formulating DELES, the extended linear expenditure system with durable goods. The complete system is fitted to seasonally adjusted quarterly Australian data using full information maximum likelihood. The results...

When coefficients of endogenous variables are known, two-stage least squares and instrumental variables estimators are invariant to the form in which these variables enter computations, as raw data or estimates. Exclusion of instruments and knowledge of coefficients are related to...

This note estimates the Linear Expenditure System (LES), the Extended Linear Expenditure System (ELES), and the Extended Linear Expenditure System with Durables (DELES), under two alternative error specifications using seasonally adjusted quarterly Australian data for 1959Q4-1976Q2. The purpose...

The focus of this paper is to motivate the application of transitional phase polynomials to a model of trade union growth in Canada. The advantage and limitations of this approach to capture the effects of a gradual structural change are compared with the more traditional dummy variable...

This paper analyzes a systems approach to employment effects by formulating CONDELES, the aggregate consumption function associated with Durables in the Extended Linear Expenditure System. The complete system, with disposable income, prices, the real interest rate and lagged stocks is fitted to...

This note applies the traditional analysis of specification error to the Cox-tests for separate regression models. Incorrect inclusion of variables in the alternative model leads to consistent tests of the null, whereas incorrect exclusion of variables from the alternative may render the tests...

The first paper demonstrates that Theil's (1961) minimum error variance criterion is asymptotically valid for choosing between non-nested non-linear regression models, as long as one of the models is 'true'. The second paper shows that when the null and alternative hypotheses are separate...