Retesting symmetry and homogeneity in a cointegrated demand system with bootstrapping: The case of meat demand in Greece

Kelvin Balcombe

Empirical Economics, 2004, vol. 29, issue 2, 462 pages

Abstract: A small Almost Ideal Demand System is estimated for Greek meat consumption using the Johansen procedure in conjunction with parametric bootstrapping and Bartlett corrections. Asymptotic Wald and likelihood ratio tests broadly support the predicted number of cointegrating relationships but reject symmetry and homogeneity. Bootstrapping and Bartlett corrections give support to symmetry and homogeneity but give less support for the predicted number of cointegrating relationships. Copyright Springer-Verlag 2004

Keywords: Symmetry; homogeneity; cointegration; Johansen procedure; bootstrapping; Bartlett corrections (search for similar items in EconPapers)
Date: 2004
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DOI: 10.1007/s00181-003-0177-1

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