An Almost Ideal Dynamic Demand System Applied to Italian Households

Angela Testi ()
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Angela Testi: Università degli Studi di Genova, Dipartimento di Economia e Metodi Quantitativi, Postal: Darsena - Via Vivaldi 5 - 16126 Genova - Italy, http://www.unige.it/

Economia Internazionale / International Economics, 1999, vol. 52, issue 4, 501-516

Abstract: This study finds some evidence of a modification in the structure of expenditure by Italian households between the seventies and the eighties with regard to income elasticities. Both “functional” and “durability” disaggregations are used. The first shows a modification in the standard of living, while the second points towards a cyclical pattern of durables and semidurables. Price elasticities, on the contrary, prove rather insignificant and without any appreciable modification.

Keywords: Consumption; Expenditure Models (search for similar items in EconPapers)
JEL-codes: B11 D11 D12 (search for similar items in EconPapers)
Date: 1999
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Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0264

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