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“Globalization increases poverty” is a common assertion made by critics of globalization. The proliferation of low-wage jobs and higher food prices are some of the arguments brought forward in support of this argument. One of the hallmarks of globalization is the systematic dismantling of...
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There is a long and distinguished literature involving demand analysis using international cross-section data. Such models are widely used for predicting national per capita consumption. However, there is nothing in this literature testing the performance of estimated models in predicting...
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Motivated by a lack of Engel flexibility in commonly used demand systems, Rimmer and Powell developed a new demand system. This system, referred to AIDADS, is implicitly, directly additive, possesses marginal budget shares and thus Engel elasticities, that vary nonlinearly with expenditure such...
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