Detail The Effect of Expenditure Aggregation on Hypothesis Test in Consumer Demand Systems   Oleh:  Nicol, Christopher J. Jenis: Article from Bulletin/Magazine Dalam koleksi: INTERNATIONAL ECONOMIC REVIEW vol. 32 no. 2 (1991), page 405-416. Topik: consumer demand; expenditure aggregation; hypothesis tests; consumer demand systems Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: II49.1 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel In this paper, cluster analysis is used to identify "stochastic Hicksian aggregates" (SHA). Such aggregates comprise goods for which relative prices are constant, up to a random element. The need to identify such aggregates arises since inappropriate aggregation could influence subsequent estimation and tests results. Evidence is found that inappropriate aggregation of expenditures influences the outcome of hypothesis tests. Furthermore, cluster analysis appears to identify goods which can be treated as SHA. It would thus appear that these methods should be used to identify the appropriate goods to aggregate, prior to the estimation or testing of demand models. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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