IDEAS home Printed from https://ideas.repec.org/p/fpb/wpaper/201215.html
   My bibliography  Save this paper

Working Paper 15-12 - Specification and estimation of a dynamic consumption allocation model

Author

Listed:
  • Ingrid Bracke
  • Peter Willemé

Abstract

 This paper presents an allocation model of Belgian household consumption over 23 categories of goods and services. We have formulated and estimated an extension of the classic Almost Ideal Demand System. The original model has been modified by introducing a dynamic adjustment mechanism and by the inclusion of demographic variables. These capture shifts in consumption patterns related to the changing age composition of the population. The paper is an extension of earlier work (Willemé, 2008), in particular with respect to the number and composition of the consumption categories considered.

Suggested Citation

  • Ingrid Bracke & Peter Willemé, 2012. "Working Paper 15-12 - Specification and estimation of a dynamic consumption allocation model," Working Papers 201215, Federal Planning Bureau, Belgium.
    • Handle: RePEc:fpb:wpaper:201215
    as

    Download full text from publisher

    File URL: https://www.plan.be/uploaded/documents/201303190826500.WP_1215_10396_E.pdf
    File Function: english version
    Download Restriction: no
    ---><---

    More about this item

    JEL classification:

    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • C51 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Model Construction and Estimation
    • D10 - Microeconomics - - Household Behavior - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:fpb:wpaper:201215. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dominique van der Wal (email available below). General contact details of provider: https://edirc.repec.org/data/plagvbe.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.