Work

Easy Demand-System Estimation with Quaids

Year: 2012

Type: article

Abstract: Previously, to fit an almost-ideal demand system in Stata, one would have to use the nlsur command and write a function evaluator program as described in [R] nlsur and Poi (2008, Stata Journal 8: 554–556). In this article, I introduce the command quaids, which obviates the need for any programming by the user. The command fits Deaton and Muellbauer's (1980b, American Economic Review 70: 312–326) original almost-ideal demand-system model as well as Banks, Blundell, and Lewbel's (1997, Review of Economics and Statistics 79: 527–539) quadratic variant. Demographic variables can also be included in the model. Postestimation tools calculate expenditure and price elasticities.

Source: The Stata Journal Promoting communications on statistics and Stata

DOI: 10.1177/1536867x1201200306

Author: Brian P. Poi

Institution: StataCorp (United States)

Language: English

Topic: Economics of Agriculture and Food Markets

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W7879235

FWCI: 16.84

Cites: 14

Cited by: 202

Related to: 10