International consumption comparisons : OECD versus LDC / E.A. Selvanathan, S. Selvanathan.

Format:

Book

Author/Creator:

Selvanathan, E. Antony, 1954-

Contributor:

Selvanathan, Saroja.

Language:

English

Subjects (All):

Consumption (Economics)--OECD countries--Mathematical models.

Consumption (Economics).

Consumption (Economics)--Developing countries--Mathematical models.

Physical Description:

1 online resource (354 p.)

Edition:

1st ed.

Place of Publication:

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

Language Note:

English

Summary:

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

Contents:

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

Notes:

Description based upon print version of record.

Includes bibliographical references and indexes.

ISBN:

9786611955571

9781281955579

1281955574

9789812795656

9812795650

OCLC:

815755783