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Estimating consumption and changes in stock applying micro expenditure data

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Author Info
Bente Halvorsen () (Statistics Norway)
Abstract

The consumption of storable goods does not necessarily equal purchases during a period because of changes in stock. In many cases, we have information about expenditures only, not consumption. A method is developed to obtain an estimate of consumption and changes in stock when only expenditure data are available. In addition to expenditure data, the method requires discrete information about the utilization of available equipment complementary to the storable good in consumption. Household energy consumption is used as an illustration, applying data from the Norwegian survey of consumer expenditure.

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File URL: http://www.ssb.no/publikasjoner/DP/pdf/dp575.pdf
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Publisher Info
Paper provided by Research Department of Statistics Norway in its series Discussion Papers with number 575.

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Date of creation: Jan 2009
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Handle: RePEc:ssb:dispap:575

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Related research
Keywords: Storable goods; consumption; changes in stock; stochastic Kuhn–Tucker; Double Hurdle model; multivariate distribution;

Find related papers by JEL classification:
C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models
D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis
Q41 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Demand and Supply

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

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