A Globally Flexible, Quadratic Almost Ideal Demand System: An Application for Meat Demand in Taiwan
A new demand system, combining the quadratic almost ideal demand system and the Fourier expenditure system, is introduced. An application for meat consumption in Taiwan indicates that the new demand system fits the data well and that the restriction to the usual specifications, such as locally flexible functional form, linear Engel curve, and both, are rejected.
|Date of creation:||2005|
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