Model selection when estimating and predicting consumer demands using international, cross section data

This paper assesses the ability of five structural demand systems to predict demands when estimated with cross sectional data spanning countries with widely varying per capita expenditure levels. Results indicate demand systems with less restrictive income responses are superior to demand systems wi...

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Veröffentlicht in:	Empirical economics 2003-04, Vol.28 (2), p.353-364
Hauptverfasser:	Cranfield, J. A. L., Eales, James S., Hertel, Thomas W., Preckel, Paul V.
Format:	Artikel
Sprache:	eng
Schlagworte:	Agricultural economics Comparative analysis Consumer demand Consumption Economic forecasts Economic models Economics Evaluation Expenditure Expenditures Income distribution Utility functions
Online-Zugang:	Volltext
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