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.
