Browsing by Subject "Western Europe"
Now showing items 1-6 of 6
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Article
Age effects on consumer demand: An additive partially linear regression model
(2002)An additive partially linear regression model is used to estimate non-parametrically the effects of total expenditure and age in the context of Engel curves and to investigate the specification and welfare interpretation ...
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Article
Comparing the true cost of living indices of demographically different households
(2004)The comparison of true cost of living indices between demographically different households (relative equivalence scale) is argued to be sensitive to the way demographic characteristics enter demand analysis. In particular, ...
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Article
Demographic versus expenditure flexibility in Engel curves
(2008)We consider the effects of demographic and expenditure variables on consumer demand in a system of Engel curves using a smooth coefficient semiparametric model where the expenditure effects on the budget shares vary ...
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Article
Estimates of the black economy based on consumer demand approaches
(2004)We propose a consumer demand system approach to estimating the size of the black economy where alternative hypotheses affecting the empirical results can be tested in a nested framework. This approach allows for the ...
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Article
Long-run PPP under the presence of near-to-unit roots: The case of the British Pound-US dollar rate
(2009)Empirical tests typically provide evidence that the British pound-US dollar exchange rate and the relative wholesale price index contain exact unit roots and exhibit cointegration. However, the cointegrating vector is ...
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Article
On estimating the cost of characteristics indices from consumer demand analysis
(2003)We examine the information content of relative equivalence scales using a multiperiod framework and argue that in the absence of Independence of Base (IB) these scales can be uniquely identified from demand analysis only ...