Modeling Household Demand: An AIDS Model
Studies on economic crises usually focus on the supply side effects. However, working on a country accustomed to economic crises, this study searches for the demand side effects of economic crises, if there are any. For this purpose, the household expenditure is modeled by the Almost Ideal Demand System (AIDS) and data are estimated decomposing the crisis period into two sub-periods. The estimation results note some changes in the cross-price elasticities of goods in question.
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Volume (Year): VII (2008)
Issue (Month): 4 (July)
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