EconPapers    
Economics at your fingertips  
 

Estimation of Income, Own- and Cross-Price Elasticities. An Application for Bulgaria

Emil Stavrev () and Gueorgui Kambourov ()

No 6, Transition Economics Series from Institute for Advanced Studies

Abstract: In this paper we estimate income elasticities and own- and cross-price elasticities for a number of categories of goods. The methodology used was proposed by Deaton (1987). Expenditure and quantity data from Household Budget Surveys for Bulgaria are used. The households are geographically separated into clusters. The prices are assumed to be the same within each of the clusters, so that the effects of income and other demographic factors on unit values are determined and the variances and covariances of the measurement errors estimated in the first stage. Then, in the second stage, the spatial price variation between the different clusters is used for the estimation of own- and cross-price elasticities for various categories of goods. We report income elasticities and own- and cross-price elasticities for eight goods.

Keywords: Own- and Cross-Price Elasticities; Income Elasticities; Unit Values; Quality Effects (search for similar items in EconPapers)
JEL-codes: C39 C51 D12 R22 (search for similar items in EconPapers)
Pages: 20 pages
Date: 1999-03
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2) Track citations by RSS feed

Downloads: (external link)
http://www.ihs.ac.at/publications/tec/te-6.pdf First version, 1999 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ihs:ihstep:6

Ordering information: This working paper can be ordered from
Institute for Advanced Studies - Library, Josefstädterstr. 39, A-1080 Vienna, Austria

Access Statistics for this paper

More papers in Transition Economics Series from Institute for Advanced Studies Josefstädterstr. 39, A-1080 Vienna, Austria. Contact information at EDIRC.
Bibliographic data for series maintained by Doris Szoncsitz ().

 
Page updated 2020-11-29
Handle: RePEc:ihs:ihstep:6