(Ebook) International consumption comparisons OECD versus LDC 1st Edition by EA Selvanathan, S Selvanathan ISBN 9789810240059 9810240058

(Ebook) International consumption comparisons OECD versus LDC 1st Edition by EA Selvanathan, S Selvanathan ISBN 9789810240059 9810240058

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ISBN 10: 9810240058
ISBN 13: 9789810240059
Author: EA Selvanathan, S Selvanathan

(Ebook) International consumption comparisons OECD versus LDC 1st Edition Table of contents:

CHAPTER 1: AN OVERVIEW OF INTERNATIONAL CONSUMPTION PATTERNS

1.1 An Overview of the OECD and LD Countries

1.2 Consumption Theory

1.3 A Review of International Consumption Comparisons

1.4 A Pioneering International Consumption Study

1.5 Are Tastes Constant?

References

CHAPTER 2: CONSUMER DEMAND MODELS

2.1 The Economic Theory of the Consumer

2.2 The Structure of Preferences

2.3 Differential Approach to Deriving Demand Equations

2.4 Other Popular Demand Systems

2.5 More on the Differential Demand Equations

2.6 Aggregation and Consumer Demand

References

CHAPTER 3: DATA ANALYSIS: OECD COUNTRIES

3.1 Data Source

3.2 Summary Measures

3.3 Engel's Law

3.4 Preliminary Estimates of Income and Price Elasticities

3.5 Preliminary Estimates of the Income Flexibility

3.6 Testing the Frisch's Conjecture

3.7 The Validity of Preference Independence

References

CHAPTER 4: DATA ANALYSIS: LESS DEVELOPED COUNTRIES

4.1 Data Source

4.2 Summary Measures

4.3 Engel's Law

4.4 Preliminary Estimates of Income and Price Elasticities

4.5 Preliminary Estimates of the Income Flexibility

4.6 Testing the Frisch's Conjecture

4.7 The Validity of Preference Independence

References

CHAPTER 5: A COMPARISON OF CONSUMPTION PATTERNS IN THE OECD AND LD COUNTRIES

5.1 Summary Measures

5.2 Empirical Regularities

5.3 Conclusion

CHAPTER 6: STOCHASTIC PRICE AND QUANTITY INDEX NUMBERS

6.1 An Unweighted Average of Prices

6.2 A Budget-Share-Weighted Average of Prices

6.3 The Extended Model

6.4 A Two-Step Estimation Procedure: Step 1

6.5 A Two-Step Estimation Procedure: Step 2

6.6 An Extension

6.7 Application of Stochastic Index Numbers to OECD and LDC

6.8 Conclusion

References

CHAPTER 7: TESTING DEMAND THEORY HYPOTHESES: OECD AND LD COUNTRIES

7.1 The Demand Model

7.2 Demand Homogeneity

7.3 Slutsky Symmetry

7.4 Summary Results

References

CHAPTER 8: A COMPARISON OF ALTERNATIVE DEMAND SYSTEMS

8.1 Four Demand Systems

8.2 Measure of Goodness-of-fit

8.3 The Preferred Demand System

8.4 Conclusion

References

CHAPTER 9: THE STRUCTURE OF PREFERENCES: OECD AND LD COUNTRIES

9.1 The Demand Model

9.2 Model Estimation

9.3 Estimation Results

9.4 Testing Preference Independence

9.5 Implied Income and Price Elasticities

9.6 Conclusion

References

APPENDIX: THE DEMAND ANALYSIS PACKAGE DAP2000

A.1 Using the Package

A.2 Input Options

A.3 Preliminary Data Analysis

A.4 Hypothesis Testing and Estimation

A.5 The Matrix Approach to Simulation

References

INDEX

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Tags: EA Selvanathan, S Selvanathan, International consumption, comparisons, OECD versus LDC