Retesting symmetry and homogeneity in a cointegrated demand system with bootstrapping: The case of meat demand in Greece
AbstractA small Almost Ideal Demand System is estimated for Greek meat consumption using the Johansen procedure in conjunction with parametric bootstrapping and Bartlett corrections. Asymptotic Wald and likelihood ratio tests broadly support the predicted number of cointegrating relationships but reject symmetry and homogeneity. Bootstrapping and Bartlett corrections give support to symmetry and homogeneity but give less support for the predicted number of cointegrating relationships. Copyright Springer-Verlag 2004
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Bibliographic InfoArticle provided by Springer in its journal Empirical Economics.
Volume (Year): 29 (2004)
Issue (Month): 2 (05)
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- Balcombe, Kelvin & Bailey, Alastair, 2006. "Bayesian inference of a smooth transition dynamic almost ideal model of food demand in the US," MPRA Paper 17305, University Library of Munich, Germany.
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