IDEAS home Printed from https://ideas.repec.org/p/tcd/tcduee/tep17.html
   My bibliography  Save this paper

A Tobit Model of Quick Service Expenditure in Ireland: Parametric vs Semiparametric Estimation

Author

Listed:
  • Conor Keelan
  • Carol Newman
  • Maeve Henchion

    () (Trinity College Department of Economics)

Abstract

The aim of this study is to identify the economic and socio-economic factors influencing Irish households' expenditure on Food-Away-From-Home (FAFH). The main objective is to estimate a tobit model of the factors affecting Irish household expenditure on quick-service meals, a particularly dynamic component of the foodservice industry, and to determine the extent to which these factors have changed over the course of the 1990s. Maximum likelihood estimation and semiparametric alternatives are considered with the conclusion that in this instance semiparametric techniques do not offer a viable alternative to maximum likelihood estimation of tobit models even in the presence of heteroscedasticity and non-normality. Maximum likelihood estimates of an adjusted tobit model revel that household income, place of residence, commuters and household size have significant and positive influences on quick-service expenditure. Older families, single households and married couples, together with homeowners, display reduced expenditure. The opportunity cost of time is positively related to quick-service expenditure, consistent with theory, while health knowledge has a negative impact on quick-service consumption.

Suggested Citation

  • Conor Keelan & Carol Newman & Maeve Henchion, 2005. "A Tobit Model of Quick Service Expenditure in Ireland: Parametric vs Semiparametric Estimation," Trinity Economics Papers tep17, Trinity College Dublin, Department of Economics.
  • Handle: RePEc:tcd:tcduee:tep17
    as

    Download full text from publisher

    File URL: http://www.tcd.ie/Economics/TEP/2005_papers/TEP17.doc
    Download Restriction: no

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Andreas C. Drichoutis & Panagiotis Lazaridis & Rodolfo M. Nayga, 2009. "Would consumers value food-away-from-home products with nutritional labels?," Agribusiness, John Wiley & Sons, Ltd., vol. 25(4), pages 550-575.

    More about this item

    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:tcd:tcduee:tep17. 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: (Patricia Hughes). General contact details of provider: http://edirc.repec.org/data/detcdie.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.

    We have no 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.

    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.