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Cross-section data, disequilibrium situations and estimated coefficients: evidence from car ownership demand

Author

Listed:
  • Anna Matas

    (Grup d'Anàlisi Econòmica Aplicada (GEAP), Departament d'Economia Aplicada, Universitat Autònoma de Barcelona)

  • Josep-Lluis Raymond

    (Grup d'Anàlisi Econòmica Aplicada (GEAP), Departament d'Economia i Història Econòmica, Universitat Autònoma de Barcelona)

Abstract

The objective of this paper is to analyse to what extent the use of cross-section data will distort the estimated elasticities for car ownership demand when the observed variables do not correspond to a state equilibrium for some individuals in the sample. Our proposal consists of approximating the equilibrium values of the observed variables by constructing a pseudo-panel data set which entails averaging individuals observed at different points of time into cohorts. The results show that individual and aggregate data lead to almost the same value for income elasticity, whereas with respect to working adult elasticity the similarity is less pronounced.

Suggested Citation

  • Anna Matas & Josep-Lluis Raymond, 2007. "Cross-section data, disequilibrium situations and estimated coefficients: evidence from car ownership demand," Working Papers XREAP2007-04, Xarxa de Referència en Economia Aplicada (XREAP), revised Jun 2007.
    • Handle: RePEc:xrp:wpaper:xreap2007-04
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    File URL: http://www.xreap.cat/RePEc/xrp/pdf/XREAP2007-04.pdf
    File Function: Revised version, 2007
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    More about this item

    Keywords

    Cross-section; Pseudo panel; Disequilibrium.;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models

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