An application of cointegration theory in the estimation of the Almost Ideal Demand system for food consumption in Bulgaria
Year: 1996
Type: article
Abstract: The Almost Ideal Demand system is applied to consumption in Bulgaria. It is argued that the conventional estimation of the Almost Ideal model should be done within the framework of contemporary time series methodology. In this paper, the canonical comtegrating regression procedure of Park is applied. It is argued that the results of the Almost Ideal Demand system that are presented are consistent with both theory and ‘casual’ observation of consumer behaviour in Bulgaria.
Source: Agricultural Economics
Authors: K.G. Balcombe, J.R. Davis
Institutions: University of London, Wye College, Heriot-Watt University
Language: English
Subfield: Economics and Econometrics
Domain: Social Sciences
SDG: Zero hunger
Open Access status: green
OpenAlex ID: W2015678029