A Bayesian Analysis of HOGLEX Demand Systems Using Unit Records for Major Asean Economies: Thailand and the Philippines
AbstractThe HOGLEX demand system (Tran Van Hoa [10, 111) is integrable and completely general in the sense that it encompasses all other well-known demand systems in the literature on consumer behavior (Laitinen et al. [71). The studies to data have been based on conventional OLS or MLE methods and panel aggregate data. The paper elaborates on important subsets of the HOGLEX demand system and, using household expenditure unit records from two major ASEAN countries (i.e., Thailand and the Philippines), estimated by the Bayesian method of these subsets for a number of socio-demographic cohorts. We also estimate the models with measurement error in total expenditures and compare the results with those without measurement errors.
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Bibliographic InfoPaper provided by School of Economics, University of Wollongong, NSW, Australia in its series Economics Working Papers with number wp99-3.
Length: 9 pages
Date of creation: 1999
Date of revision:
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Postal: School of Economics, University of Wollongong, Northfields Avenue, Wollongong NSW 2522 Australia
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ECONOMETRICS ; DEMAND SYSTEMS ; ASIA;
Find related papers by JEL classification:
- O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
- C11 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Bayesian Analysis: General
- C50 - Mathematical and Quantitative Methods - - Econometric Modeling - - - General
- D10 - Microeconomics - - Household Behavior - - - General
This paper has been announced in the following NEP Reports:
- NEP-ALL-2002-04-03 (All new papers)
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