The allocation of public consumption expenditure in the UK

Jean-Yves Pitarakis and George Tridimas

Applied Economics Letters, 1998, vol. 5, issue 3, 197-200

Abstract: Using the Almost Ideal Demand System specification we analyse whether UK public consumption expenditure decisions are compatible with traditional utility maximization postulates. Our empirical findings tend to support the validity of the constraints of homogeneity and symmetry.

Date: 1998
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DOI: 10.1080/758521381

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