Demand Elasticities In Turkey
Demand elasticities are the best available indicators of how households may respond to policies which change relative prices and the level and distribution of income. In this study, income and price elasticities for eight commodity groups are estimated for Turkey based on the LES by using household level data compiled from the 1994 Household Income and Consumption Expenditures Survey conducted by the State Institute of Statistics. All estimates obtained as a result of the estimation procedure are consistent with a priori expectations and satisfy the underlying utility theory requirements.
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Volume (Year): 18 (2003)
Issue (Month): ()
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