Spanish food demand: a dynamic approach
Other empirical works have demonstrated that Spanish food demand seems to have a dynamic structure. However, the commonly used dynamization processes are too restrictive to explain the dynamic food consumers' behaviour. A more general model that is able to incorporate different dynamic structures (partial adjustment, first autoregressive, and static) and allows for direct estimation of long-run coefficients has been used. This general framework is applied to the Generalized Addilog Demand System (GADS) for annual Spanish data covering 1964 to 1991. Results indicate that an autoregressive GADS fits well the data, satisfying the theoretic restrictions. Finally, the expenditure and price elasticities are calculated.
Volume (Year): 30 (1998)
Issue (Month): 10 ()
|Contact details of provider:|| Web page: http://www.tandfonline.com/RAEC20|
|Order Information:||Web: http://www.tandfonline.com/pricing/journal/RAEC20|
When requesting a correction, please mention this item's handle: RePEc:taf:applec:v:30:y:1998:i:10:p:1399-1405. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Michael McNulty)
If references are entirely missing, you can add them using this form.