Advanced Search
MyIDEAS: Login to save this article or follow this journal

Structural Change in the Demand for Money

Contents:

Author Info

  • Choi, Seungmook
  • Sosin, Kim

Abstract

A two-stage nonparametric and parametric approach to identifying structural change in the underlying utility function for monetary assets proves useful in exploring the existence, timing, direction, and extent of structural breaks over the 1969-85 period. Divisia monetary aggregates were constructed after applying the generalized axiom of revealed preference to identify least violation subutility functions. The nonparametric procedure shows utility function inconsistencies in 1975.IV and 1982.III. A translog utility function with structural change represented by time-varying multiplicative parameters was developed and estimated. The results show that the breaks were statistically significant and measure the impacts on monetary asset demand over the period. Copyright 1992 by Ohio State University Press.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://links.jstor.org/sici?sici=0022-2879%28199205%2924%3A2%3C226%3ASCITDF%3E2.0.CO%3B2-%23&origin=bc
File Function: full text
Download Restriction: Access to full text is restricted to JSTOR subscribers. See http://www.jstor.org for details.

As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.

Bibliographic Info

Article provided by Blackwell Publishing in its journal Journal of Money, Credit and Banking.

Volume (Year): 24 (1992)
Issue (Month): 2 (May)
Pages: 226-38

as in new window
Handle: RePEc:mcb:jmoncb:v:24:y:1992:i:2:p:226-38

Contact details of provider:
Web page: http://www.blackwellpublishing.com/journal.asp?ref=0022-2879

Related research

Keywords:

References

No references listed on IDEAS
You can help add them by filling out this form.

Citations

Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
as in new window

Cited by:
  1. LaFrance, Jeffrey T., 1991. "When Is Expenditure "Exogenous" In Separable Demand Models?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  2. Capps, Oral, Jr. & Schmitz, John D., 1991. "A Recognition Of Health And Nutrition Factors In Food Demand Analysis," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  3. Cortez, Rafael & Senauer, Benjamin, 1994. "Taste Changes In The Demand For Food By Demographic Groups In The United States: A Nonparametric Empirical Analysis," Staff Papers 14091, University of Minnesota, Department of Applied Economics.
  4. Davis, George C., 2001. "Confirmation And Falsification Of Equilibrium Displacement Models," 2001 Annual meeting, August 5-8, Chicago, IL 20525, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  5. Eales, James S. & Hyde, Jeffrey & Schrader, Lee F., 1998. "A Note On Dealing With Poultry In Demand Analysis," Journal of Agricultural and Resource Economics, Western Agricultural Economics Association, vol. 23(02), December.
  6. Moon, Wanki & Ward, Ronald W., 1999. "Effects Of Health Concerns And Consumer Characteristics On U.S. Meat Consumption," 1999 Annual meeting, August 8-11, Nashville, TN 21682, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  7. Richards, Timothy J. & Kagan, Albert & Gao, Xiaoming, 1997. "Factors Influencing Changes In Potato And Potato Substitute Demand," Agricultural and Resource Economics Review, Northeastern Agricultural and Resource Economics Association, vol. 26(1), April.
  8. Goodwin, Barry K., 1992. "Forecasting Cattle Prices In The Presence Of Structural Change," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 24(02), December.
  9. Frechette, Darren L. & Jin, Hyun-Joung, 2002. "Distinguishing transitory nonlinear shocks from permanent structural change," Structural Change and Economic Dynamics, Elsevier, vol. 13(2), pages 231-248, June.
  10. Jin, Hyun Joung & Koo, Won W., 2003. "The Effect Of Food-Safety Related Information On Consumers' Preference: The Case Of Bse Outbreak In Japan," 2003 Annual meeting, July 27-30, Montreal, Canada 22043, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
  11. Jin, Hyun Joung & Sun, Changyou & Koo, Won W., 2003. "The Effect Of Food-Safety Related Information On Consumer Preference: The Case Of The Bse Outbreak In Japan," Agribusiness & Applied Economics Report 23636, North Dakota State University, Department of Agribusiness and Applied Economics.
  12. Alston, Julian M. & Chalfant, James A., 1991. "Can We Take The Con Out Of Meat Demand Studies?," Western Journal of Agricultural Economics, Western Agricultural Economics Association, vol. 16(01), July.
  13. Everett B. Peterson & Edward Van Eenoo & Anya McGuirk & Paul V. Preckel, 2001. "Perceptions of fat content in meat products," Agribusiness, John Wiley & Sons, Ltd., vol. 17(4), pages 437-453.
  14. You, Zhikang & Epperson, James E. & Huang, Chung L., 1996. "A Composite System Demand Analysis For Fresh Fruits And Vegetables In The United States," Journal of Food Distribution Research, Food Distribution Research Society, vol. 27(3), October.
  15. Boonsaeng, Tullaya & Wohlgenant, Michael K., 2006. "Testing Separability between Import and Domestic Commodities: Application to U.S. Meat Demand in a Dynamic Model," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35267, Southern Agricultural Economics Association.
  16. Capps, Oral, Jr. & Park, Jaehong, 2002. "Impacts Of Advertising, Attitudes, Lifestyles, And Health On The Demand For U.S. Pork: A Micro-Level Analysis," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 34(01), April.
  17. Brenda L. Boetel & Donald J. Liu, 2003. "Evaluating the effect of generic advertising and food health information within a meat demand system," Agribusiness, John Wiley & Sons, Ltd., vol. 19(3), pages 345-354.
  18. Jensen, Kimberly L. & Bevins, Scott, 1991. "The Demand For Butter, Margarine, And Oils: A Nonparametric Test For Evidence Of Structural Change," Southern Journal of Agricultural Economics, Southern Agricultural Economics Association, vol. 23(02), December.

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:mcb:jmoncb:v:24:y:1992:i:2:p:226-38. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Wiley-Blackwell Digital Licensing) or (Christopher F. Baum).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.