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An Almost Ideal Dynamic Demand System Applied to Italian Households

Author

Listed:
  • Testi, Angela

    (Università degli Studi di Genova, Dipartimento di Economia e Metodi Quantitativi)

Abstract

This study finds some evidence of a modification in the structure of expenditure by Italian households between the seventies and the eighties with regard to income elasticities. Both “functional” and “durability” disaggregations are used. The first shows a modification in the standard of living, while the second points towards a cyclical pattern of durables and semidurables. Price elasticities, on the contrary, prove rather insignificant and without any appreciable modification.

Suggested Citation

  • Testi, Angela, 1999. "An Almost Ideal Dynamic Demand System Applied to Italian Households," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 52(4), pages 501-516.
  • Handle: RePEc:ris:ecoint:0264
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    More about this item

    Keywords

    Consumption; Expenditure Models;

    JEL classification:

    • B11 - Schools of Economic Thought and Methodology - - History of Economic Thought through 1925 - - - Preclassical (Ancient, Medieval, Mercantilist, Physiocratic)
    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

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