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Usefulness of Incomplete Demand Model in Censored Demand System Estimation

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  • Fabiosa, Jacinto F.
  • Jensen, Helen H.

Abstract

The popularity of AIDS may not easily extend to censored demand systems. We propose an incomplete demand system that has relatively few restrictions on the parameter space, but preserves its theoretical consistency and apply this model to Indonesian data that have significant proportion of censored observations.

Suggested Citation

  • Fabiosa, Jacinto F. & Jensen, Helen H., 2003. "Usefulness of Incomplete Demand Model in Censored Demand System Estimation," 2003 Annual meeting, July 27-30, Montreal, Canada 21923, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    • Handle: RePEc:ags:aaea03:21923
    DOI: 10.22004/ag.econ.21923
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    References listed on IDEAS

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    1. Corsetti, Giancarlo & Pesenti, Paolo & Roubini, Nouriel, 1999. "What caused the Asian currency and financial crisis?," Japan and the World Economy, Elsevier, vol. 11(3), pages 305-373, October.
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    4. Heien, Dale & Wessells, Cathy Roheim, 1990. "Demand Systems Estimation with Microdata: A Censored Regression Approach," Journal of Business & Economic Statistics, American Statistical Association, vol. 8(3), pages 365-371, July.
    5. Fabiosa, Jacinto F. & Jensen, Helen H., 2002. "Microeconomic Adjustments Of Households To Macroeconomic Shocks: Household Level Welfare Impacts Of The Indonesian Economic Crisis," 2002 Annual meeting, July 28-31, Long Beach, CA 19856, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    6. Dong, Diansheng & Gould, Brian W. & Kaiser, Harry M., 2002. "The Structure Of Food Demand In Mexico: An Application Of The Amemiya-Tobin Approach To The Estimation Of A Censored System," 2002 Annual meeting, July 28-31, Long Beach, CA 19830, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Lucas, Robert Jr, 1976. "Econometric policy evaluation: A critique," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 1(1), pages 19-46, January.
    8. Amemiya, Takeshi, 1974. "Multivariate Regression and Simultaneous Equation Models when the Dependent Variables Are Truncated Normal," Econometrica, Econometric Society, vol. 42(6), pages 999-1012, November.
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    10. Gould, Brian W. & Lee, Yoonjung & Dong, Diansheng & Villarreal, Hector J., 2002. "Household Size And Composition Impacts On Meat Demand In Mexico: A Censored Demand System Approach," 2002 Annual meeting, July 28-31, Long Beach, CA 19722, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    11. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    12. Gould, Brian W. & Yen, Steven T., 2002. "Food Demand In Mexico: A Quasi-Maximum Likelihood Approach," 2002 Annual meeting, July 28-31, Long Beach, CA 19667, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
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    Cited by:

    1. Femenia, Fabienne, 2019. "A Meta-Analysis of the Price and Income Elasticities of Food Demand," German Journal of Agricultural Economics, Humboldt-Universitaet zu Berlin, Department for Agricultural Economics, vol. 68(2), June.
    2. Lema, Daniel & Brescia, Víctor & Berges, Miriam & Casellas, Karina, 2007. "Econometric estimation of food demand elasticities from household surveys in Argentina, Bolivia and Paraguay," Nülan. Deposited Documents 1032, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    3. Brian J. Revell, 2015. "One Man's Meat … 2050? Ruminations on Future Meat Demand in the Context of Global Warming," Journal of Agricultural Economics, Wiley Blackwell, vol. 66(3), pages 573-614, September.
    4. Lema, Daniel & Brescia, Víctor & Berges, Miriam & Casellas, Karina, 2007. "Food demand elasticities in Argentina, Paraguay and Bolivia. Econometric estimation from household surveys," Nülan. Deposited Documents 1114, Universidad Nacional de Mar del Plata, Facultad de Ciencias Económicas y Sociales, Centro de Documentación.
    5. Cesar Revoredo-Giha & Hasibi Zavala-Nacul & Luiza Toma, 2022. "Assessing the Nutritional Impact of an Increase in Orphan Crops in the Kenyan Diet: The Case of Millet," Sustainability, MDPI, vol. 14(5), pages 1-14, February.
    6. Revoredo-Giha, Cesar & Zavala-Nacul, Hasibi & Toma, L., 2021. "Assessing an Increase of Orphan Crops in the Kenyan Diet," 2021 Conference, August 17-31, 2021, Virtual 315174, International Association of Agricultural Economists.

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    Keywords

    Demand and Price Analysis;

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