International Consumption Comparisons: OECD Versus LDC
- ISBN-10
- 9814494518
- ISBN-13
- 9789814494519
- Category
- Business & Economics
- Pages
- 356
- Language
- English
- Published
- 2003-04-24
- Publisher
- World Scientific
- Authors
- E A Selvanathan, S Selvanathan
Description
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. Contents: An Overview of International Consumption Patterns (E A Selvanathan & S Selvanathan)Consumer Demand Models (E A Selvanathan & S Selvanathan)Data Analysis: OECD Countries (E A Selvanathan & S Selvanathan)Data Analysis: Less Developed Countries (E A Selvanathan & S Selvanathan)A Comparison of Consumption Patterns in the OECD and LD Countries (E A Selvanathan & S Selvanathan)Stochastic Price and Quantity Index Numbers (E A Selvanathan & S Selvanathan)Testing Demand Theory Hypotheses: OECD and LD Countries (E A Selvanathan & S Selvanathan)A Comparison of Alternative Demand Systems (E A Selvanathan & S Selvanathan)The Structure of Preferences: OECD and LD Countries (E A Selvanathan & S Selvanathan) Readership: Economists. Keywords:Consumer Demand;International Consumption Comparison;Stochastic Index Numbers;Testing Demand Theory Hypotheses
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