A Quadratic Almost Ideal Demand System Estimated with Pooled regional Time Series: Approximates Aggregation with an Accounting for Age, Cohort, and Trend Effects

Frank Denton, Dean Mountain () and Byron Spencer

Quantitative Studies in Economics and Population Research Reports from McMaster University

Abstract: Starting with a theoretical QUAIDS model at the micro level, an approximate aggregation is developed that allows the model to be applied to time series at the macro level (The approximated aggregation holds for a "representative" consumer with utility equal to the harmonic mean of the individual consumers' utility.)

Keywords: CONSUMPTION; DEMAND; ECONOMIC MODELS; TIME SERIES (search for similar items in EconPapers)
JEL-codes: C32 C53 D10 (search for similar items in EconPapers)
Pages: 44 pages
Date: 1996
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Persistent link: https://EconPapers.repec.org/RePEc:mcm:qseprr:315

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