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Estimation of Engel Curves from Survey Data with Zero Expenditures
Title: | Estimation of Engel Curves from Survey Data with Zero Expenditures |
Authors: | Hasegawa, Hikaru1 Browse this author →KAKEN DB | Ueda, Kazuhiro2 Browse this author | Mori, Kunie3 Browse this author |
Authors(alt): | 長谷川, 光1 | 上田, 和宏2 | 森, 邦恵3 |
Keywords: | Bayesian method | Generalised entropy measure | Gini coefficient | Markov chain Monte Carlo (MCMC) | Working-Leser Engel curves |
Issue Date: | Aug-2008 |
Publisher: | Blackwell Publishing Ltd and the Department of Economics, University of Oxford |
Journal Title: | Oxford Bulletin of Economics and Statistics |
Volume: | 70 |
Issue: | 4 |
Start Page: | 535 |
End Page: | 558 |
Publisher DOI: | 10.1111/j.1468-0084.2008.00507.x |
Abstract: | The objective of this article is to propose a Bayesian method for estimating a system of Engel functions using survey data that includes zero expenditures. We deal explicitly with the problem of zero expenditures in the model and estimate a system of Engel functions that satisfy the adding-up condition. Furthermore, using MCMC, we estimate unobservable parameters, including consumption of commodities, total consumption and equivalence scale, and use their posterior distributions to calculate inequality measures and total consumption elasticities. |
Rights: | The definitive version is available at www.blackwell-synergy.com |
Type: | article (author version) |
URI: | http://hdl.handle.net/2115/47265 |
Appears in Collections: | 経済学院・経済学研究院 (Graduate School of Economics and Business / Faculty of Economics and Business) > 雑誌発表論文等 (Peer-reviewed Journal Articles, etc)
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Submitter: 長谷川 光
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