Alternative Estimates of Static and Dynamic Demand Systems for Canada

Richard Green, Zuhair A. Hassan and S. R. Johnson

American Journal of Agricultural Economics, 1978, vol. 60, issue 1, 93-107

Abstract: Selected static and dynamic demand systems are applied to Canadian data for the period 1947–1972. Four commodity groups—durables, semi-durables, services and nondurables—are used for the major portion of the analysis. For the static systems, results for nine commodity groups are provided as a comparison. Income and price elasticity estimates, following from the static systems are, with the exception of the double log, proved reasonably similar. The estimates from the two dynamic systems, the dynamic linear expenditure and state adjustment models, appeared more plausible particularly for services and durable goods, where persistence in consumption patterns is generally observed. As related to other estimates from United States and Canadian data, these results seem to be more stable and more in agreement with a priori reasoning.

Date: 1978
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