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ON THE ESTIMATION OF DEMAND SYSTEMS WITH LARGE NUMBER OF GOODS: AN APPLICATION TO SOUTH AFRICA HOUSEHOLD FOOD DEMAND AgEcon
Agbola, Frank W.; Maitra, Pushkar; McLaren, Keith Robert.
The estimation of large demand systems to investigate the patterns of consumption of households is notoriously difficult. This study develops a modified Almost Ideal Demand System model based on a flexible two-stage budgeting demand modelling framework to examine the effect of estimation procedures (Bottom-up and Top-down) on South African household food consumption parameters. Household food consumption was divided into seven broad food groups: meat and fish; grains; dairy products; fruits; vegetables; other foods. The demand systems were estimated using data from the 1993 South Africa Integrated Household Survey (SIHS) conducted by the South African Labour and Development Research Unit (SALDRU). Empirical results indicate that the Top-down approach is...
Tipo: Conference Paper or Presentation Palavras-chave: Consumer/Household Economics; Research Methods/ Statistical Methods.
Ano: 2003 URL: http://purl.umn.edu/19097
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