The Estimation of Complete Almost Ideal Demand System from Czech Household Budget Survey Data

Karel Janda, Jakub Mikolášek and Martin Netuka ()
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Jakub Mikolášek: Institute of Economic Studies, Faculty of Social Sciences, Charles University, Prague, Czech Republic, http://ies.fsv.cuni.cz/

No 2009/31, Working Papers IES from Charles University Prague, Faculty of Social Sciences, Institute of Economic Studies

Abstract: The aim of this paper is to provide a reliable set of income, own-price, and cross-price elasticities of demand for the consumer goods, foods and alcohol beverages based on Almost Ideal Demand System model applied to the most relevant Czech data set of Household Budget Statistics. While we concentrate on the last stage of our complete demand system which is concerned with the demand for beverages, the estimates obtained in the first (all consumption goods) and second (food) stages of our model may be used for consumer demand analysis with respect to any consumption group considered in our model.

Keywords: Almost Ideal Demand System; consumption; the Czech Republic; elasticity; price; spirits; tax; wine; beer (search for similar items in EconPapers)
JEL-codes: D12 L66 Q18 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2009-12, Revised 2009-12
New Economics Papers: this item is included in nep-mkt and nep-tra
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Citations: View citations in EconPapers (9)

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