Some questions concerning dynamic almost ideal demand systems

David Edgerton and Ghazi Shukur

Applied Economics Letters, 1996, vol. 3, issue 11, 693-695

Abstract: A paper by Xepanadeas and Habib, that estimates dynamic demand models, is shown to contain some serious errors. Careful consideration of the adding-up condition is shown to be necessary when using demand systems with autoregressive disturbances. Misspecification testing should be used in all empirical work. These points are illustrated using a dynamic almost ideal demand system applied to Swedish dairy data.

Date: 1996
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DOI: 10.1080/135048596355673

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