Share Equations versus Double Logarithmic Functions in the Estimation of Income, Own- and Cross-Price Elasticities

This file is part of IDEAS, which uses RePEc data

Share Equations versus Double Logarithmic Functions in the Estimation of Income, Own- and Cross-Price Elasticities

Author Info

Stavrev, Emil (CERGE-EI, Czech Republic)
Kambourov, Gueorgui (CERGE-EI, Czech Republic)

Additional information is available for the following registered author(s):

Abstract

In this paper, we compare the results obtained by using double logarithmic demand functions with the one obtained by using functions that relate budget shares to the logarithms of prices and incomes in order to estimate income elasticities and own- and cross-price elasticities for a number of categories of goods. The share equation functional form allows us to model households which do not purchase all goods and estimate unconditional demands that are of interest for policy purposes. We report income elasticities and own- and cross-price elasticities for eight goods for 1993. We compare these estimates with those obtained by using the double logarithmic demand specification.

Download Info
To download:

If you experience problems downloading a file, check if you have the proper application to view it first. Information about this may be contained in the File-Format links below. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

Publisher Info
Paper provided by Institute for Advanced Studies in its series Transition Economics Series with number 7.

Download reference. The following formats are available: HTML (with abstract), plain text (with abstract), BibTeX, RIS (EndNote, RefMan, ProCite), ReDIF
Length: 13 pages
Date of creation: Mar 1999
Date of revision:
Handle: RePEc:ihs:ihstep:7

Contact details of provider:
Postal: Stumpergasse 56, A-1060 Vienna, Austria
Phone: ++43 - (0)1 - 599 91 - 0
Fax: ++43 - (0)1 - 599 91 - 555
Web page: http://www.ihs.ac.at/index.php3?id=310
More information through EDIRC

Order Information:
Postal: Institute for Advanced Studies - Library, Stumpergasse 56, A-1060 Vienna, Austria

For technical questions regarding this item, or to correct its listing, contact: (Wolfgang Nessler).

Other versions of this item:

Find related papers by JEL classification:
C39 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Other
C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
R22 - Urban, Rural, and Regional Economics - - Household Analysis - - - Other Demand

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

Deaton, Angus, 1990. "Price elasticities from survey data : Extensions and Indonesian results," Journal of Econometrics, Elsevier, vol. 44(3), pages 281-309, June. [Downloadable!] (restricted)
Other versions:
- Deaton, A., 1990. "Price Elasticities From Surveys Data: Extensions And Indonesian Results," Papers 69, World Bank - Living Standards Measurement.
- Deaton, A., 1988. "Price Elasticities From Survey Data: Extensions And Indonesian Results," Papers 138, Princeton, Woodrow Wilson School - Development Studies.
Jarque, Carlos M., 1987. "An application of LDV models to household expenditure analysis in Mexico," Journal of Econometrics, Elsevier, vol. 36(1-2), pages 31-53. [Downloadable!] (restricted)
Stavrev, Emil & Kambourov, Gueorgui, 1999. "Estimation of Income, Own- and Cross-Price Elasticities. An Application for Bulgaria," Transition Economics Series 6, Institute for Advanced Studies. [Downloadable!]

Full references

Cited by:
(explanations, Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.)

Ivanova Nadezhda, 2005. "Estimation of own- and cross-price elasticities of disaggregated imported and domestic goods in Russia," EERC Working Paper Series 05-13e, EERC Research Network, Russia and CIS. [Downloadable!]

Statistics

Access and download statistics

Did you know? IDEAS was launched in September 1997.

This page was last updated on 2009-11-13.

This information is provided to you by IDEAS at the Department of Economics, College of Liberal Arts and Sciences, University of Connecticut using RePEc data on a server sponsored by the Society for Economic Dynamics.