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New Zealand household consumption patterns 1983-1992: An application of the almost-ideal-demand-system

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  • Claudio Michelini

Abstract

Econometric analysis of household expenditure is a most important area of economic inquiry because the estimated demand parameters are particularly useful in many of the behavioural aspects of forecasting consumer demand as well as in welfare issues. This paper analyses expenditure patterns in New Zealand by estimating, on a time series of budget consumption data, a demand system based on a demographically extended version of the Almost Ideal Demand System. From the estimated system we have computed the price, total expenditure and household size elasticities which are within expectations and offer some insights of consumer behaviour.

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  • Claudio Michelini, 1999. "New Zealand household consumption patterns 1983-1992: An application of the almost-ideal-demand-system," New Zealand Economic Papers, Taylor & Francis Journals, vol. 33(2), pages 15-26.
    • Handle: RePEc:taf:nzecpp:v:33:y:1999:i:2:p:15-26
    DOI: 10.1080/00779959909544305
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    References listed on IDEAS

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    1. Berndt, Ernst R & Savin, N Eugene, 1975. "Estimation and Hypothesis Testing in Singular Equation Systems with Autoregressive Disturbances," Econometrica, Econometric Society, vol. 43(5-6), pages 937-957, Sept.-Nov.
    2. Muellbauer, John, 1976. "Community Preferences and the Representative Consumer," Econometrica, Econometric Society, vol. 44(5), pages 979-999, September.
    3. Brown, Alan & Deaton, Angus S, 1972. "Surveys in Applied Economics: Models of Consumer Behaviour," Economic Journal, Royal Economic Society, vol. 82(328), pages 1145-1236, December.
    4. Rossi, Nicola, 1988. "Budget share demographic translation and the aggregate almost ideal demand system," European Economic Review, Elsevier, vol. 32(6), pages 1301-1318, July.
    5. John Muellbauer, 1975. "Aggregation, Income Distribution and Consumer Demand," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 42(4), pages 525-543.
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    Cited by:

    1. Mohammed Khaled & Ralph Lattimore, 2008. "New Zealand's 'love affair' with houses and cars," New Zealand Economic Papers, Taylor & Francis Journals, vol. 42(1), pages 127-148.
    2. Khaled, Mohammed & Lattimore, Ralph, 2006. "The changing demand for apparel in New Zealand and import protection," Journal of Asian Economics, Elsevier, vol. 17(3), pages 494-508, June.
    3. Christine Cleghorn & Ingrid Mulder & Alex Macmillan & Anja Mizdrak & Jonathan Drew & Nhung Nghiem & Tony Blakely & Cliona Ni Mhurchu, 2022. "Can a Greenhouse Gas Emissions Tax on Food also Be Healthy and Equitable? A Systemised Review and Modelling Study from Aotearoa New Zealand," IJERPH, MDPI, vol. 19(8), pages 1-15, April.

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