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Estimation of Demand Parameters under Consumer Budgeting: An Application to Argentina

Author

Listed:
  • A. De Janvry
  • J. Bieri
  • A. Nuñez

Abstract

This study assumes that consumer expenditures occur in a stepwise fashion in which income is fist allocated to budget categories and then to optimum quantities within each category. With this assumption, a model was developed to estimate the price and icome elasticities of demand of all items in one budget category—like food—and the cross-price elasticities of these items with all others. The approach permits one to specify the changes in expenditure levels on budget categories from cross-section information and the flexibility of money. The model was empirically applied to Argentine consumption data.

Suggested Citation

  • A. De Janvry & J. Bieri & A. Nuñez, 1972. "Estimation of Demand Parameters under Consumer Budgeting: An Application to Argentina," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 54(3), pages 422-430.
    • Handle: RePEc:oup:ajagec:v:54:y:1972:i:3:p:422-430.
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    File URL: http://hdl.handle.net/10.2307/1239158
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    Citations

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    Cited by:

    1. Knobel, Alexander (Кнобель, Александр) & Chentsov, Alexander (Ченцов, Александр), 2018. "The Impact of Exchange Rates and Their Volatility on Russia's Foreign Trade, Taking into Account its Membership in EAEU [Влияние Обменных Курсов И Их Волатильности На Внешнюю Торговлю России С Учет," Working Papers 061824, Russian Presidential Academy of National Economy and Public Administration.
    2. Alain Carpentier & Hervé Guyomard, 1993. "Calcul des élasticités prix et revenu sous hypothèse de budgétisation par étapes : une méthode approchée," Working Papers hal-01594129, HAL.
    3. Clements, Kenneth W. & Gao, Grace, 2015. "The Rotterdam demand model half a century on," Economic Modelling, Elsevier, vol. 49(C), pages 91-103.
    4. Kenneth W. Clements & Yihui Lan & Xueyan Zhao, 2005. "The Demand for Vice: Inter-Commodity Interactions with Uncertainty," Economics Discussion / Working Papers 05-30, The University of Western Australia, Department of Economics.
    5. Clements, Kenneth W., 2008. "Price elasticities of demand are minus one-half," Economics Letters, Elsevier, vol. 99(3), pages 490-493, June.
    6. Liu, Zong-Shin, 1989. "Monetary policy, exchange rate, and effects on US wheat trade and domestic market in an imperfect competition framework," ISU General Staff Papers 1989010108000010216, Iowa State University, Department of Economics.
    7. Kenneth W. Clements & Xueyan Zhao, 2005. "Economic Aspects of Marijuana," Economics Discussion / Working Papers 05-28, The University of Western Australia, Department of Economics.
    8. BuShehri, Mahmoud A.M. & Wohlgenant, Michael K., 2012. "Measuring the welfare effects of reducing a subsidy on a commodity using micro-models: An application to Kuwait's residential demand for electricity," Energy Economics, Elsevier, vol. 34(2), pages 419-425.
    9. Street, J.A., 1974. "Demand for Milk," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 42(02), pages 1-14, June.
    10. Clements, Kenneth & Mariano, Marc Jim & Verikios, George, 2022. "Expenditure patterns, heterogeneity, and long-term structural change," Economic Modelling, Elsevier, vol. 113(C).

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