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Despite record global economic growth in past decade malnutrition remains a serious problem in many parts of the world. According to the United Nations Food and Agriculture Organization (FAO), about 800 million people (17% of the worlds population) remain malnourished. For these households at a...
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International cross-section demand systems have not been tested on their ability to accurately predict within country consumption expenditures. This paper reports on such a validation exercise for the case of food budget share predictions across expenditure percentiles within Bangladesh.
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La Revista Integración & Comercio del BID incluye artículos referidos a las distintas manifestaciones del proceso de integración en América Latina y el Caribe, a la integración hemisférica y, también, a los procesos con igual orientación que se llevan a cabo en otras partes del mundo....
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A recently developed demand system, nicknamed AIDADS, offers a more general approach to capturing consumption preferences. AIDADS generalizes the LES by assuming marginal budget shares vary indirectly with expenditure. AIDADS is limited by the fact that the subsistence parameters are constant...
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