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A comparative study of modelling the demand for food in the United States and The Netherlands

✍ Scribed by Haiyan Song; Xiaming Liu; Peter Romilly

Publisher: John Wiley and Sons
Year: 1997
Tongue: English
Weight: 227 KB
Volume: 12
Category: Article
ISSN: 0883-7252
DOI: 10.1002/(sici)1099-1255(199709/10)12:5<593::aid-jae450>3.0.co;2-0

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✦ Synopsis

This paper provides time-series and cross-sectional budget survey analyses of the demand for food in the United States and the Netherlands according to the tasks set by Jan Magnus and Mary Morgan (MM). Various econometric methods, including weighted least squares (WLS), cointegration, error correction, the almost ideal demand system (AIDS), and time-varying parameter (TVP) techniques, are used and the estimated demand elasticities compared across country and over time.

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