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An application of cointegration theory in the estimation of the almost ideal demand system for food consumption in Bulgaria

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  • Balcombe, K. G.
  • Davis, J. R.

Abstract

The Almost Ideal Demand system is applied to consumption in Bulgaria. It is argued that the conventional estimation of the Almost Ideal model should be done within the framework of contemporary time series methodology. In this paper, the canonical cointegrating regression procedure of Park is applied. It is argued that the results of the Almost Ideal Demand system that are presented are consistent with both theory and 'casual' observation of consumer behaviour in Bulgaria.
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  • Balcombe, K. G. & Davis, J. R., 1996. "An application of cointegration theory in the estimation of the almost ideal demand system for food consumption in Bulgaria," Agricultural Economics, Blackwell, vol. 15(1), pages 47-60, September.
  • Handle: RePEc:eee:agecon:v:15:y:1996:i:1:p:47-60
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    Cited by:

    1. Dirk Bezemer & Junior Davis, 2005. "The rural non-agricultural economy in transition countries: Enterprise level findings from Armenia," Development and Comp Systems 0510020, EconWPA.
    2. Sulgham, Anil K. & Zapata, Hector O., 2006. "A Dynamic Approach to Estimate Theoretically Consistent US Meat Demand System," 2006 Annual Meeting, February 5-8, 2006, Orlando, Florida 35441, Southern Agricultural Economics Association.
    3. Ben Kaabia, Monia & Gil, Jose Maria, 2007. "The EU demand for imports of virgin olive oil," 103rd Seminar, April 23-25, 2007, Barcelona, Spain 9390, European Association of Agricultural Economists.
    4. Koukouritakis, Minoas, 2005. "EU Accession Effects on the Demand for Manufactures: the Case of Greece," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 58(4), pages 471-488.
    5. Karagiannis, G. & Mergos, G. J., 2002. "Estimating theoretically consistent demand systems using cointegration techniques with application to Greek food data," Economics Letters, Elsevier, vol. 74(2), pages 137-143, January.
    6. Goodwin, Barry K. & Phaneuf, Daniel J., 2001. "Microeconometric Modeling Of Household Food Demand: The Case Of Transition Bulgaria," 2001 Annual meeting, August 5-8, Chicago, IL 20713, American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association).
    7. Karel Janda & Jill J. McCluskey & Gordon C. Rausser, 2000. "Food Import Demand in the Czech Republic," Journal of Agricultural Economics, Wiley Blackwell, vol. 51(1), pages 22-44.
    8. Iootty, Mariana & Pinto Jr., Helder & Ebeling, Francisco, 2009. "Automotive fuel consumption in Brazil: Applying static and dynamic systems of demand equations," Energy Policy, Elsevier, vol. 37(12), pages 5326-5333, December.
    9. Elias Mantzouneas & George Mergos & Chrysostomos Stoforos, 2004. "Modelling food consumption patterns in Greece," Applied Economics Letters, Taylor & Francis Journals, vol. 11(8), pages 507-512.
    10. Chang, Kuo-Liang & Elliott, Lisa M. & Sand, Shannon & Dailey, Rocky & Blachford, Sierra, 2014. "A Study of the Impacts of Social Media Outlets on Generation-X and Millennial Consumers’ Beef Consumption, with an Emphasis on the Importance of Nutrition Information," 2014 Annual Meeting, July 27-29, 2014, Minneapolis, Minnesota 169648, Agricultural and Applied Economics Association.
    11. Davis, Junior, 2006. "Rural Non-farm Livelihoods in Transition Economies: Emerging Issues and Policies," eJADE: electronic Journal of Agricultural and Development Economics, Food and Agriculture Organization, Agricultural and Development Economics Division, vol. 3(2).
    12. Li, Gang & Song, Haiyan & Witt, Stephen F., 2006. "Time varying parameter and fixed parameter linear AIDS: An application to tourism demand forecasting," International Journal of Forecasting, Elsevier, vol. 22(1), pages 57-71.
    13. Minoas Koukouritakis, 2003. "EU Accession Effects on Imports of Manufactures: The case of Greece," University of Cyprus Working Papers in Economics 2-2003, University of Cyprus Department of Economics.
    14. Muhammad, Andrew & Jones, Keithly G., 2009. "An Assessment of Dynamic Behavior in the U.S. Catfish Market: An Application of the Generalized Dynamic Rotterdam Model," Journal of Agricultural and Applied Economics, Southern Agricultural Economics Association, vol. 41(03), December.
    15. Zhang, Aihua & Lv, Jia & Kong, Ying, 2017. "The Effects of the Internet and Mobile Services on Urban Household Expenditures," 14th ITS Asia-Pacific Regional Conference, Kyoto 2017: Mapping ICT into Transformation for the Next Information Society 168554, International Telecommunications Society (ITS).
    16. Karagiannis, Giannis & Katranidis, Stelios D. & Velentzas, K., 2000. "An error correction almost ideal demand system for meat in Greece," Agricultural Economics of Agricultural Economists, International Association of Agricultural Economists, vol. 22(1), January.
    17. Diotallevi, Francesco, 2010. "L’analisi della domanda degli oli extravergine d’oliva in Italia Un’applicazione del modello A.I.D.S
      [The analysis of the demand for extra virgin olive oil in Italy An application of the AIDSmodel]
      ," MPRA Paper 41469, University Library of Munich, Germany.
    18. Duffy, Martyn, 2003. "On the estimation of an advertising-augmented, cointegrating demand system," Economic Modelling, Elsevier, vol. 20(1), pages 181-206, January.

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