Demand Elasticities In Turkey
AbstractDemand elasticities are the best available indicators of how households may respond to policies which change relative prices and the level and distribution of income. In this study, income and price elasticities for eight commodity groups are estimated for Turkey based on the LES by using household level data compiled from the 1994 Household Income and Consumption Expenditures Survey conducted by the State Institute of Statistics. All estimates obtained as a result of the estimation procedure are consistent with a priori expectations and satisfy the underlying utility theory requirements.
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Bibliographic InfoArticle provided by Center for Economic Integration, Sejong University in its journal Journal of Economic Integration.
Volume (Year): 18 (2003)
Issue (Month): ()
Consumption expenditures; Demand elasticities; Linear expenditures system;
Find related papers by JEL classification:
- C31 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models; Quantile Regressions; Social Interaction Models
- D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
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