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Consumer demand systems are estimated based on household expenditure micro-data and price variabilities (tapped over quarters and regions) of a developing Pacific island country. More purposefully, ‘hierarchically ordered’ modifications of parameter variations across differing demographic...
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This paper assesses the relationship between EU manufacturing imports from the southern EU and the CEEC. Final goods imports are strongly complementary and intermediate goods imports are substitutive. An increase in the high-skilled to low-skilled labor ratio in the EU-South or the degree of...
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Demographisch gegliederte Nachfragesysteme modellieren Unterschiede im Verbrauch verschiedener Verbrauchergruppen bzw. Haushaltstypen. In der vorliegenden Arbeit wird untersucht, welche Nachfragesysteme einerseits die Restriktionen der neoklassischen Nachfragetheorie erfüllen und andererseits...
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This paper uses detailed diary information from the British Family Expenditure Survey (FES) to investigate the expenditure patterns of school-age children. We estimate a Quadratic Almost Ideal Demand System, and find that, whilst most commodities are normal goods, sweets and toys are luxury...
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