Cross Entropy Estimation of the Almost Ideal Demand System for Greek Consumption

Kelvin Balcombe, G. Rapsomanikis and Stathis Klonaris ()

Journal of Agricultural Economics, 2003, vol. 54, issue 3, 447-466

Abstract: Cross entropy is used to estimate the Almost Ideal Demand System for consumption in Greece. The entropy estimates are found to improve upon the SUR estimates. It is recommended that practitioners consider employing entropy based procedures in systems where the data set is small, where there are a large number of parameters, or where the data are deficient.

Date: 2003
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https://doi.org/10.1111/j.1477-9552.2003.tb00071.x

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