1.

Record Nr.

UNINA9910454096303321

Autore

Selvanathan E. Antony <1954->

Titolo

International consumption comparisons [[electronic resource] ] : OECD versus LDC / / E.A. Selvanathan, S. Selvanathan

Pubbl/distr/stampa

Singapore ; ; River Edge, NJ, : World Scientific, c2003

ISBN

1-281-95557-4

9786611955571

981-279-565-0

Descrizione fisica

1 online resource (354 p.)

Altri autori (Persone)

SelvanathanSaroja

Disciplina

339.47

Soggetti

Consumption (Economics) - OECD countries - Mathematical models

Consumption (Economics) - Developing countries - Mathematical models

Electronic books.

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di bibliografia

Includes bibliographical references and indexes.

Nota di contenuto

CONTENTS               ; PREFACE              ; LIST OF TABLES                     ; LIST OF FIGURES                      ; TECHNICAL NOTES                      ; ACKNOWLEDGEMENTS                       ; 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

Sommario/riassunto

This book presents an analysis of consumption patterns in the OECD (rich) and LDC (poor) countries using recent data (1950-1998) and econometric methodology for a number of broadly aggregated consumer goods. The income elasticity estimates for the 46 countries and 9 commodity groups are tabulated. The reliability of these elasticity estimates, and also the demand theory hypotheses, are investigated using simulation techniques. <br><i>Contents: </i><ul><li>An Overview of International Consumption Patterns <i>(E A Selvanathan & S Selvanathan)</i></li><li>Consumer Demand Models <i>(E A Selvanath