Durable Goods in the Extended Linear Expenditure System: An Empirical Appraisal

Michael McAleer and Ian E. Gorman

Working Paper from Economics Department, Queen's University

Abstract: This paper analyzes a systems approach to expenditure on different commodities by formulating DELES, the extended linear expenditure system with durable goods. The complete system is fitted to seasonally adjusted quarterly Australian data using full information maximum likelihood. The results support the use of the extended linear expenditure system over the relatively more sophisticated DELES.

Pages: 36
Date: 1979
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Persistent link: https://EconPapers.repec.org/RePEc:qed:wpaper:333

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