Fraser, Iain; Moosa, Imad A. - In: American Journal of Agricultural Economics 84 (2002) 1, pp. 83-89
If budget shares have stochastic trend or seasonality or both, then demand equations based on the assumption of deterministic trend and deterministic seasonality will be mis-specified. We test this proposition by estimating a Linearized Almost Ideal (LAI) demand system for meat demand in the...
