IDEAS home Printed from https://ideas.repec.org/p/col/000122/010607.html
   My bibliography  Save this paper

Un sistema casi ideal de demanda para el gasto en Colombia: una estimación utilizando el método generalizado de los momentos en el periodo 1968-2007

Author

Listed:
  • Andrés Ramirez Hassan
  • Daniel Londono Cano
  • Edwar Londono Zapata

Abstract

Resumen:El presente trabajo utiliza una Aproximación Lineal del Modelo Casi Ideal de Demanda (Linear Approximation/Almost Ideal Demand System) para examinar los gastos de los colombianos en la canasta básica, y estimar sus respectivas elasticidades precio y gasto, a partir de datos de series de tiempo para Colombia en el período de 1968-2007. Las elasticidades gasto y precio, compensadas y no compensadas, presentan los signos esperados, siendo en su mayoría menores en valor absoluto a uno y estadísticamente significativas.Abstract:This work uses a Linear Approximation of the Almost Ideal Demand System (LA/AIDS) to examine Colombian's expenditure in daily needs and to estimate the respective expenditure and price elasticities using Colombian time series from 1968 to 2007. The results show that the expenditure and price elasticities (compensated and not compensated) have the expected signs, most of them being less than one in absolute value and statistically significant.

Suggested Citation

  • Andrés Ramirez Hassan & Daniel Londono Cano & Edwar Londono Zapata, 2011. "Un sistema casi ideal de demanda para el gasto en Colombia: una estimación utilizando el método generalizado de los momentos en el periodo 1968-2007," Documentos de Trabajo de Valor Público 10607, Universidad EAFIT.
    • Handle: RePEc:col:000122:010607
    as

    Download full text from publisher

    File URL: http://repository.eafit.edu.co/bitstream/10784/582/1/2011-7%20Andres%20Ramirez%20Hassan.pdf
    Download Restriction: no
    ---><---

    Other versions of this item:

    Citations

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


    Cited by:

    1. garcia, juan manuel & alvarado enciso, alfredo, 2018. "Estimación de elasticidades de demanda de bienes y servicios en Perú mediante los métodos AIDS y QUAIDS [Estimating demand elasticities of goods and services in Peru using the AIDS and QUAIDS metho," MPRA Paper 89282, University Library of Munich, Germany.

    More about this item

    Keywords

    gastos de hogares; sistemas de demanda; elasticidades; LA-AIDS; método delta; household expenditure; demand system; elasticities; LA-AIDS; delta method;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:col:000122:010607. See general information about how to correct material in RePEc.

    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.

    We have no bibliographic references for this item. You can help adding them by using 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Valor Público EAFIT - Centro de estudios e incidencia (email available below). General contact details of provider: https://edirc.repec.org/data/cieafco.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.