The Econometrics of Demand Systems: With Applications to Food Demand in the Nordic Countries (Advanced Studies in Theoretical and Applied Econometrics (34))

The Econometrics of Demand Systems: With Applications to Food Demand in the Nordic Countries (Advanced Studies in Theoretical and Applied Econometrics (34))

Books / Hardcover

BooksBusiness & EconomicsEconometrics

ISBN: 0792341066 / Publisher: Springer, July 1996

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Presents an applied econometric analysis of the demand for food in the Nordic countries in which a system of demand equations, based on the neoclassical theory of consumer demand, is analyzed, using modern econometric techniques for estimation and evaluation. The models investigated are mainly dynamic versions of the Almost Ideal Demand System, first proposed in static form by Deaton and Muelbauer. The study incorporates new developments in econometrics, particularly the modern theory of misspecification testing which allows for more thorough evaluation of the demand systems used. They also aim to construct a well-specified demand system to explain the historical development of the consumption of different food items in the Nordic countries. Annotation c. by Book News, Inc., Portland, Or. Read More
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