A Globally Flexible, Quadratic Almost Ideal Demand System: An Application for Meat Demand in Taiwan

Kang Ernest Liu and Chia-Hung Sun ()

No 19170, 2005 Annual meeting, July 24-27, Providence, RI from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: A new demand system, combining the quadratic almost ideal demand system and the Fourier expenditure system, is introduced. An application for meat consumption in Taiwan indicates that the new demand system fits the data well and that the restriction to the usual specifications, such as locally flexible functional form, linear Engel curve, and both, are rejected.

Keywords: Food; Consumption/Nutrition/Food; Safety (search for similar items in EconPapers)
Pages: 14
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea05:19170

DOI: 10.22004/ag.econ.19170

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