Explaining Changes in Italian Consumption of Meat: Parametric and Non-parametric Analysis
Lewbel's composite model for comparing the AIDS and Translog demand systems is estimated using Italian meat-consumption data. Preliminary non-parametric diagnoses suggest that exogenous shifters of price and expenditure need not be introduced into a parametric model. By contrast, the parametric analysis demonstrates that demographic shifters can account for substantial changes in patterns of meat consumption. Although a parametric model without demographic variables performs adequately, likelihood ratio tests substantiate that an AIDS model with demographic variables performs even better. Copyright 1994 by Oxford University Press.
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Volume (Year): 21 (1994)
Issue (Month): 2 ()
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