Measuring Income Responses: A Log-Quadratic Demand Model for Consumers in India

Amita Majumder

Empirical Economics, 1992, vol. 17, issue 2, 315-21

Abstract: This paper attempts to capture the non-linearity of income responses of fairly disaggregated item groups with the help of a quadratic system of demand equations, introduced herein. Empirical performances of the quadratic system and some other models have been examined using Indian consumer expenditure data.

Date: 1992
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