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Estimación de respuestas renta de los consumidores: una aplicación del modelo de regresión lineal discontinua a tramos

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  • Julián Ramajo Hernández

    (Departamento de Economía Aplicada. Facultad de Ciencias Económicas y Empresariales. Universidad de Extremadura.)

Abstract

Con el fin de permitir respuestas renta no lineales en el modelo Almost Ideal Demand System (AIDS) de Deaton y Muelbauer (1980, se propone un sistema de demanda que introduce funciones segmentadas. Este modelo de demanda es estimado con la serie temporal de consumo per cápita de la Economía a Española que abarca desde 1954 hasta 1987. También se analiza el comportamiento empírico del Sistema Quadrático de Gasto (QES) de Howe, Pollack y Wales (1979), y de la extensión cuadrática del modelo AIDS (QAIDS) de Deaton (1984). Por último, se estudia el comportamiento teórico de todos los sistemas estimados, contrastando las restricciones que ser derivan de las propiedades impuestas por la teoría económica sobre la función de gasto. With the aim to incorporate nonlinear income responses in the Almost Ideal Demand System of Deaton and Muelbauer (1980), I propose a generalization of the model, which uses linear spline functions. The model is estimated with the time series of the Spanish economy from 1954 to 1987. I also estimate the well known Quadratic Expenditure Systems (QES) of Howe, Pollack and Wales (1979) , and the quadratic extensión of the AIDS (QAIDS) of Deaton (1984). I compare the results and I investigate the verification of the properties imposed by economic theory on the estimaated expenditure functions.

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Bibliographic Info

Article provided by Estudios de Economía Aplicada in its journal Estudios de Economía Aplicada.

Volume (Year): 1 (1994)
Issue (Month): (Junio)
Pages: 61-86

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Handle: RePEc:lrk:eeaart:1_2_4

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Related research

Keywords: Función Segmentada; Curva de Engel; Consistencia Teórica;

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  1. Diewert, W. E. & Wales, T. J., 1988. "A normalized quadratic semiflexible functional form," Journal of Econometrics, Elsevier, Elsevier, vol. 37(3), pages 327-342, March.
  2. Gallant, A. Ronald, 1982. "Unbiased determination of production technologies," Journal of Econometrics, Elsevier, Elsevier, vol. 20(2), pages 285-323, November.
  3. Diewert, W E & Wales, T J, 1988. "Normalized Quadratic Systems of Consumer Demand Functions," Journal of Business & Economic Statistics, American Statistical Association, American Statistical Association, vol. 6(3), pages 303-12, July.
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