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Some questions concerning dynamic almost ideal demand systems

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  • David Edgerton
  • Ghazi Shukur

Abstract

A paper by Xepanadeas and Habib, that estimates dynamic demand models, is shown to contain some serious errors. Careful consideration of the adding-up condition is shown to be necessary when using demand systems with autoregressive disturbances. Misspecification testing should be used in all empirical work. These points are illustrated using a dynamic almost ideal demand system applied to Swedish dairy data.

Suggested Citation

  • David Edgerton & Ghazi Shukur, 1996. "Some questions concerning dynamic almost ideal demand systems," Applied Economics Letters, Taylor & Francis Journals, vol. 3(11), pages 693-695.
    • Handle: RePEc:taf:apeclt:v:3:y:1996:i:11:p:693-695
    DOI: 10.1080/135048596355673
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    References listed on IDEAS

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    1. Blanciforti, Laura Ann & Green, Richard D. & King, Gordon A., 1986. "U.S. Consumer Behavior over the Postwar Period: An Almost Ideal Demand System Analysis," Monographs, University of California, Davis, Giannini Foundation, number 11939, December.
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    Cited by:

    1. Erkan Erdil, 2006. "Demand systems for agricultural products in OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 13(3), pages 163-169.

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