IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/89282.html
   My bibliography  Save this paper

Estimación de elasticidades de demanda de bienes y servicios en Perú mediante los métodos AIDS y QUAIDS
[Estimating demand elasticities of goods and services in Peru using the AIDS and QUAIDS methods]

Author

Listed:
  • garcia, juan manuel
  • alvarado enciso, alfredo

Abstract

The demand behavior of the different goods and services is a key component that shapes the structure of an economy, and its analysis is economic policies, such as taxation and promotion of productive development. Within the many demand systems posed in the theoretical and empirical literature, the almost ideal demand systems (AIDS and QUAIDS) have properties consistent with the maximization of utility according to the consumer's neoclassical theory. In this paper, we estimate price elasticities of demand, cross price and income are estimated for large groups of goods and services in Peru from 2004 to 2014, using AIDS and QUAIDS models, based on data from household surveys, using the AIDS and QUAIDS. It is found that the values of price elasticities of demand are consistent with the literature. Likewise, it is determined that the services of care, health conservation, transportation and communications, leisure, entertainment, cultural services, and education and other services constitute luxury goods, although there is heterogeneity in the results when the analysis is done at a higher level of disaggregation.

Suggested Citation

  • garcia, juan manuel & alvarado enciso, alfredo, 2018. "Estimación de elasticidades de demanda de bienes y servicios en Perú mediante los métodos AIDS y QUAIDS
    [Estimating demand elasticities of goods and services in Peru using the AIDS and QUAIDS metho
    ," MPRA Paper 89282, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:89282
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/89282/1/MPRA_paper_89282.pdf
    File Function: original version
    Download Restriction: no

    File URL: https://mpra.ub.uni-muenchen.de/89992/1/MPRA_paper_89992.pdf
    File Function: revised version
    Download Restriction: no

    References listed on IDEAS

    as
    1. Jose Alberto Molina, 1996. "Is Spanish consumer behaviour consistent with the utility maximization? A non-parametric response," Applied Economics Letters, Taylor & Francis Journals, vol. 3(4), pages 237-241.
    2. J. A. Molina, 1994. "Food Demand In Spain: An Application Of The Almost Ideal System," Journal of Agricultural Economics, Wiley Blackwell, vol. 45(2), pages 252-258, May.
    3. J. Scott Shonkwiler & Steven T. Yen, 1999. "Two-Step Estimation of a Censored System of Equations," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 81(4), pages 972-982.
    4. Ana Gil & José Molina, 2009. "Alcohol demand among young people in Spain: an addictive QUAIDS," Empirical Economics, Springer, vol. 36(3), pages 515-530, June.
    5. Molina, Jose Alberto & Campaña, Juan Carlos & Ortega, Raquel, 2015. "Time dedicated by consumers to cultural goods: Determinants for Spain," MPRA Paper 68430, University Library of Munich, Germany.
    6. Christensen, Laurits R & Jorgenson, Dale W & Lau, Lawrence J, 1975. "Transcendental Logarithmic Utility Functions," American Economic Review, American Economic Association, vol. 65(3), pages 367-383, June.
    7. Jonq-Ying Lee & Mark G. Brown & James L. Seale, 1994. "Model Choice in Consumer Analysis: Taiwan, 1970–89," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 76(3), pages 504-512.
    8. Douglas Fisher & Adrian R. Fleissig & Apostolos Serletis, 2006. "An Empirical Comparison of Flexible Demand System Functional Forms," World Scientific Book Chapters,in: Money And The Economy, chapter 13, pages 247-277 World Scientific Publishing Co. Pte. Ltd..
    9. Barnett, William A. & Serletis, Apostolos, 2008. "Measuring Consumer Preferences and Estimating Demand Systems," MPRA Paper 12318, University Library of Munich, Germany.
    10. Kamil Dybczak & Peter Tóth & David Voòka, 2014. "Effects of Price Shocks on Consumer Demand: Estimating the QUAIDS Demand System on Czech Household Budget Survey Data," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 64(6), pages 476-500, December.
    11. Jose Alberto Molina, 1997. "Modelling the Spanish imports of vehicles using a source differentiated demand system," Applied Economics Letters, Taylor & Francis Journals, vol. 4(12), pages 751-755.
    12. Daniel Londoño Cano & Edwar Londoño Zapata & Andrés Ramirez Hassan, 2011. "Un sistema casi ideal de demanda para el gasto en Colombia: Una estimación utilizando el método generalizado de los momentos en el período 1968-2007," Revista Ecos de Economía, Universidad EAFIT, June.
    13. JosÈ Alberto Molina & Ana Isabel Gil, 2005. "The demand behavior of consumers in Peru: a demographic analysis using the QUAIDS," Journal of Developing Areas, Tennessee State University, College of Business, vol. 39(1), pages 191-206, September.
    14. Blundell, Richard & Robin, Jean Marc, 1999. "Estimation in Large and Disaggregated Demand Systems: An Estimator for Conditionally Linear Systems," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 14(3), pages 209-232, May-June.
    15. Ray, Ranjan, 1983. "Measuring the costs of children : An alternative approach," Journal of Public Economics, Elsevier, vol. 22(1), pages 89-102, October.
    16. James Banks & Richard Blundell & Arthur Lewbel, 1997. "Quadratic Engel Curves And Consumer Demand," The Review of Economics and Statistics, MIT Press, vol. 79(4), pages 527-539, November.
    17. Brian P. Poi, 2008. "Demand-system estimation: Update," Stata Journal, StataCorp LP, vol. 8(4), pages 554-556, December.
    18. Ghahremanzadeh, Mohammad & Ziaei, Mohammad Bagher, 2014. "Food Price Change and its Welfare Impact on Iranian Households," International Journal of Agricultural Management and Development (IJAMAD), Iranian Association of Agricultural Economics, vol. 4(4), pages 1-11, December.
    19. Tridimas, George, 2000. "The analysis of consumer demand in Greece. Model selection and dynamic specification," Economic Modelling, Elsevier, vol. 17(4), pages 455-471, December.
    20. repec:ags:stataj:122621 is not listed on IDEAS
    21. Deaton, Angus S & Muellbauer, John, 1980. "An Almost Ideal Demand System," American Economic Review, American Economic Association, vol. 70(3), pages 312-326, June.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    AIDS QUAIDS demanda elasticidad precio;

    JEL classification:

    • D11 - Microeconomics - - Household Behavior - - - Consumer Economics: Theory
    • D12 - Microeconomics - - Household Behavior - - - Consumer Economics: Empirical Analysis

    NEP fields

    This paper has been announced in the following NEP Reports:

    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:pra:mprapa:89282. 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: (Joachim Winter). General contact details of provider: http://edirc.repec.org/data/vfmunde.html .

    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.

    If CitEc recognized a reference but did not link an item in RePEc to it, you can help with 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.

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

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.