System of demand equations: theory and applications

Abebe Abebe

Ethiopian Journal of Economics, 1993, vol. 02, issue 2, 137

Abstract: This paper notes the rapid advances that have been made in the modeling estimation and applications of systems of demand equations in the literature. It attempts to empirically estimate for Ethiopians data sets using a two period price information following Pollack and Wales (57) Dybrig (31) ,and a saving information as in Liuch (46) and Howe (41) to identify all parameters of the Liner Expenditure System (LES) and The Extended Liner Expenditure system( ELES) respectively. In spite of the theoretical and empirical limitations of the LES Parameter estimate were found to accord with the right sign and magnitude required by the choice theory Of particular interest is the process of estimating directly the Frisch parameter and its welfare implications The paper also discusses the estimation of compensated and uncompensated own-and - cross price elasticity's in the context of Slutsky decomposition some areas of future research are pointed out in exploiting fully budget studies so far generated in Ethiopia Notably, the possibility of estimating some generalized expenditure systems may stimulate interest for applications to some police issues.

Keywords: Demand; and; Price; Analysis (search for similar items in EconPapers)
Date: 1993
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/251895/files/A ... mand%20equations.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:eeaeje:251895

DOI: 10.22004/ag.econ.251895

Access Statistics for this article

More articles in Ethiopian Journal of Economics from Ethiopian Economics Association Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search (aesearch@umn.edu).